William (left) and NiQ proved their strength as a dynamic leadership duo after delivering outstanding financial and business results.
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Dear Friends of HKBN
Appointment of William Yeung as Executive Vice-chairman and
NiQ Lai as Chief Executive Officer
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We announced today that our Board of Directors has appointed William, our CEO and an Executive Director of the Company, as the Executive Vice-chairman with effect from 1 September 2018. NiQ, our current COO and an Executive Director, will become our CEO with effect from 1 September 2018.
These appointments are part of a long-term succession plan for our Company’s sustainable development. After 10 years at the helm, William will step up to focus on engaging key strategic partners and exploring new business opportunities for HKBN, and will report to the Board of Directors; while NiQ, in his new role as the CEO, will take over operational leadership of HKBN, and will maintain his directorship on the Board as an Executive Director.
Both William and NiQ have committed to fully subscribing to their maximum one-year gross salary investment in HKBN’s Co-Ownership Plan III (the Plan was approved by the general meeting of the Company held on 15 December 2017).
NiQ joined the Group in 2004 and was appointed as our CFO in 2006, and an Executive Director and as our COO in 2014 and 2017 respectively. As a fellow Co-Owner, NiQ has been closely working with William since 2005, and together, they have successfully led us from our Management Buy-Out in May 2012 to our Initial Public Offering in Hong Kong in March 2015, and our New World Telecom acquisition in March 2016.
“William and NiQ have successfully led HKBN’s team of Talents for over 12 years and the Board of Directors is excited to support this natural evolution. We welcome William’s expanded role as the Executive Vice-chairman and congratulate NiQ on his succession. We look forward to NiQ’s continued leadership as the company’s CEO and are highly confident that he will continue to drive innovation and competition to the benefit of our customers and shareholders,” said Bradley Horwitz, Chairman and Independent Non-executive Director of HKBN.
William and NiQ said, “We have been working closely for well over a decade and we happily share the same conviction with regard to our company’s core purpose to ‘Make our Hong Kong a better place to live’. We are both fully committed to doing our best to lead HKBN, together with our Co-Owners, towards achieving our Co-Ownership III aspiration goal of HK$2.1 to HK$2.4 Adjusted Available Cash Per Share for the period FY18-20.”
Click to read William and NiQ's bios.
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Up for any challenge, William (left) and NiQ head HKBN’s management team on a 145km charity cycling tour of Taiwan in 2015.
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Letting out steam, William (centre left) and NiQ (centre right) celebrate another year of great work with fellow HKBNers in Christmas Party.
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After steering HKBN’s Management Buy-Out in 2012, William (left) and NiQ inaugurate HKBN’s listing on the Hong Kong Stock Exchange in March 2015.
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In 2011, William (front, centre right) and NiQ (front, centre left) lead fellow HKBNers in a campaign to deliver world-class customer service from the heart.
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