AMTD Group Inc. Announces the Adoption of a Completely Independent and Non-Executive Board Structure and an Innovative CEO Rotation System Across the Group
30 Aprile 2024 - 10:10PM
Business Wire
AMTD Group Inc. (“AMTD Group”), the controlling shareholder of
AMTD IDEA Group (NYSE: AMTD; SGX: HKB) (“AMTD IDEA”) and AMTD
Digital Inc. (NYSE: HKD) (“AMTD Digital”) today announced the
introduction and adoption of an innovative system through which the
CEOs of all of its operating companies and key subsidiaries,
including AMTD IDEA and AMTD Digital, will be appointed by the
Executive Management Committee (“EMC”) of the applicable entities
on a rotational basis. This philosophy of shared leadership is
reflected in the new feature which forms the core foundation of the
rotating CEO mechanism. Under the new rotation program, no single
individual would be appointed as the sole leader of an entity for
an extended period, and a campaign of “everyone can be a hero” will
be rolled out across the group to encourage and promote the next
leaders of the companies. Through this rotation program, AMTD Group
will maximize the values from the collective wisdom and stepped-up
efforts to groom and nurture the next-level leaders.
By rotating the CEOs every six months, the group will be led by
different personalities, which will create a much more diverse
workplace where different common principles and perspectives will
be consistently communicated and implemented. Due to the shared
decision-making process and the grooming process to cultivate the
next-level leadership, the long-term and sustainable interest of
AMTD will be best served. Shared Values as the core mission of AMTD
and key shareholders’ beliefs and practices will be implemented
through the new structure and organization leadership.
Dr. Feridun Hamdullahpur, the independent chairman of AMTD IDEA
commented, “The entire AMTD organization is built upon innovative
thinking. We don’t just talk about it; we practise it all the time.
We have evolved and matured by understanding the changing world a
bit better and defying the status quo. The rotating CEO program is
born out of such thinking, and I believe will bring renewed energy
and inspiration for the long-term sustainability and growth of the
group. We would not be where we are without their great work,
dedication, and commitment. We will continue counting on the new
leadership program to move us steadily forward and grow our impact
gradually and concretely over time.”
About AMTD Group AMTD Group is a conglomerate with core
business portfolio to span across financial services, digital
solutions, media and entertainment, education and training, and
premium assets.
About AMTD IDEA Group AMTD IDEA Group (NYSE: AMTD; SGX:
HKB) represents a diversified institution and digital solutions
group connecting companies and investors with global markets. Its
comprehensive one-stop business services plus digital solutions
platform addresses different clients’ diverse and inter-connected
business needs and digital requirements across all phases of their
life cycles as well as hospitality and VIP services. Through our
unique eco-system – the "AMTD SpiderNet" - AMTD IDEA Group is
uniquely positioned as an active superconnector between clients,
business partners, investee companies, and investors, connecting
the East and the West. For more information, please visit
www.amtdinc.com or follow us on X (formerly known as “Twitter") at
@AMTDGroup.
About AMTD Digital Inc. AMTD Digital Inc. (NYSE: HKD) is
a comprehensive digital solutions platform headquartered in France.
Its one-stop digital solutions platform operates four main business
lines including digital solutions services, digital media, content
and marketing services, digital investments as well as hospitality
and VIP services. It is the fusion reactor at the core of the AMTD
SpiderNet ecosystem and empowers and integrates the various digital
businesses within its ecosystem. For AMTD Digital’s announcements,
please visit https://ir.amtdigital.net/investor-news.
Safe Harbor Statement This press release contains
statements that may constitute “forward-looking” statements
pursuant to the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward- looking
statements can be identified by terminology such as “will,”
“expects,” “anticipates,” “aims,” “future,” “intends,” “plans,”
“believes,” “estimates,” “likely to,” and similar statements.
Statements that are not historical facts, including statements
about the beliefs, plans, and expectations of AMTD IDEA Group and
AMTD Digital Inc., are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. Further
information regarding these and other risks is included in the
filings of AMTD IDEA Group and AMTD Digital Inc. with the SEC. All
information provided in this press release is as of the date of
this press release, and AMTD IDEA Group and AMTD Digital Inc. do
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
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For AMTD IDEA Group: IR Office EMAIL: ir@amtdinc.com
For AMTD Digital Inc.: IR Office EMAIL: ir@amtdigital.com
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