At the helm: Leo Tsoi to lead Hang Lung as next CEO

He will officially take the helm of Hang Lung Group and Hang Lung Properties from 1 October 2026.

Hang Lung Group and Hang Lung Properties have appointed Leo Tsoi Tak Lun (pictured above) as Chief Executive Officer and Executive Director, effective 1 October 2026.

He will succeed Weber Lo, who has led the business for the past eight years and will remain in the role until 30 September before becoming Advisor to the Chair for one year from 1 October.

Before formally assuming the CEO role, Tsoi will join the company as CEO Designate and Executive Director on 7 September.

A veteran business leader with more than three decades of experience in retail and business management across Asia, Tsoi currently serves as CEO of Toys "R" Us Asia, where he led the company's transformation through a light-asset business model, accelerated enterprise-wide digital transformation efforts, and expanded growth across Greater China and Southeast Asia.

Prior to that, he was CEO of Starbucks China and a member of the company's Global Executive Leadership Team. During his tenure, he oversaw a decade of expansion, growing the business from approximately 600 stores to 6,000, while also advancing ESG initiatives such as plant-based campaigns and the launch of the Greener Store Lab.

Earlier in his career, Tsoi held senior leadership positions at PepsiCo and Procter & Gamble Greater China, where he focused on brand growth, innovation, and consumer strategy.

Commenting on the appointment, Tsoi said, “I am excited to join Hang Lung, a company whose expanding presence and commitment to ‘We Do It Well’ have made a meaningful impact across the communities it serves. I am grateful to Adriel and the Boards for their trust, and to Weber for laying down such a strong foundation to build upon.

“As I step into this role, I look forward to partnering with our talented team to strengthen relationships with stakeholders, tenants, and customers, and co-create Hang Lung's next chapter of growth and impact.”

Adriel Chan, Chair of Hang Lung, said, “Hang Lung are excited to welcome Leo as our next CEO. His track record in driving growth through excellence makes him the best candidate to lead Hang Lung into our next chapter, and the Boards and I look forward to working closely with him. I am confident that the organisation will thrive under his leadership.

“I would also like to thank our retiring CEO, Mr. Weber Lo, for the significant contributions and achievements over the past eight years; he has put Hang Lung in a position of strength, setting us up for further future success.”

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Photo / Hang Lung