New World Development to appoint unit head as new CEO, source says

Reuters

2024-11-29

HONG KONG, Nov 29 (Reuters) - New World Development's

CEO Eric Ma will step down and be replaced by the head of its business unit, a source with direct knowledge of the matter, said on Friday.

Echo Huang Shaomei, head of New World Development China Land, would become the Hong Kong-listed firm's new CEO, the source said, declining to be named, as the information is not public yet.

(Reporting by Clare Jim; Editing by Christopher Cushing)

((miyoung.kim@thomsonreuters.com; 65 6870 3026; Reuters Messaging: miyoung.kim.thomsonreuters.com@reuters.net))

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