Who is Kuok Hui Kwong, daughter of Malaysia’s richest man and new CEO of the $2.19 billion Shangri-La Asia?
This ends a leadership gap that began in December 2022, when former CEO Lim Beng Chee resigned in the world after about six years. He remains on the board of directors as a non -executive director.
LEADERSHIP UNDER UNDER UNDER KUOK
According to the company, “The combination of the President and the Chairman of the Executive Board, led by Kuok, is expected to increase the strategic harmony and operational execution of the company by providing a united and consistent vision at all leadership levels.”
47-year-old Shangri-La has been an important figure in the meeting room of Asia for years, joined the manager in June 2016 as the director and became president in January 2017. The company loans it to setting strategic priorities and managing long -term goals.
After his brother resigned at the beginning of last year, SCMP reported that he had taken a quiet step to lead the group. He served as the vice president six months ago.
From Harvard to hospitality
Kuok has a bachelor’s degree in East Asian Studies from Harvard University. The sixth of the sixth of the eight children of Robert Kuok Hock-Nien, the richest man in Shangri-La and Malaysia, and the net $ 11.4 billion according to Forbes. Outside Hospitality, the best editorial roles, from January to June 2012 later, then withdrawn by the KAP Group. Holdings is the flagship company of the Kuok family. He also served as the director of Bangkok Post. Despite its increasing effect, Kuok avoids media interviews and holds a public profile.
Work interests and salary
According to CNA’s report, Kuok’s financial interests in Shangri-La are important. The company has a total direct and indirect interest for 95.57 million shares. In addition, Shangri-La has more than 5 percent shares in Kerry Group, which is a great shareholder in Asia.
In accordance with the current contract, it is entitled to a monthly salary with an optional bonus and pension, $ 576,000 hk (about $ 73,000).
Listed in both Hong Kong and Singapore, Shangri-La Asia runs more than 100 hotels under the world: Shangri-La, Kerry Hotels, Jen and Traders. The company started as a single hotel in Singapore in 1971 and now manages $ 13.2 billion worth of assets. The Kuok family has a stock in 77 of these properties. The group also has relevant initiatives in wine, golf fields and real estate areas.
In 2024, Shangri-La Asia reported an increase of 2 percent compared to the previous year and reported 2.19 billion dollars. However, net profit fell by 12.3 percent. The healing in Hong Kong and the Philippines provided revenue, but this was balanced with weak performance in China, Singapore and British maintenance, as reported in the group’s annual statement.
At the end of 2023, the group had about 25,500 employees. This was a decrease of 2.3 percent compared to the previous year. Nevertheless, even during the height of his pandema, the company was cautious about business cuts. In the 2023 interview with the SCMP, Kuok said that the group threw the least the least number of people in the sector ”.
As in the hands of both strategic surveillance and operational control, Kuok is expected to direct the next stage of the recovery and growth of Shangri-La Asia. The registered and wider Kuok Business Empire within the company proposes continuity not only in leadership but also in a long -term vision.
