Chew Fook Aun has resigned as executive director and group chief financial officer (CFO) of Esprit, effective on or before 1 June 2012, in order to pursue a career outside the company. His resignation comes after the company announced its Transformation Plan leading up to 2014/15 on 15 September 2011.
The company has now moved into the execution phase. In order to ensure the timely execution of the plan, the company has started regrouping various strategic functions in its business headquarters in Ratingen, Germany and in Europe at large for the duration of the transformation process. This would also require the group CFO to travel extensively to Europe to supervise the implementation of the plan. Chew is unable to spend the required time in Europe in addition to his duties as group CFO in Hong Kong due to personal reasons.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.