Esquel Group appoints Edgar Tung as new Chief Executive Officer
Esquel Group today announces the appointment of Mr. Edgar Tung as its new Chief Executive Officer, effective November 15, 2021. In the announcement, Ms. Marjorie Yang, who remains as Chairman after stepping down as CEO, thanks Mr. Tung for his valuable contributions to the development of the Group thus far.
“We are embarking on a new phase of growth and business transformation. With Edgar’s rich experience and deep understanding of Esquel’s values and approach, I have full confidence that he will lead a new generation of leaders to redefine our impact on the industry and beyond,” said Ms. Yang.
Mr. Tung is a seasoned executive with over 20 years of general management experience in industries spanning from textile and apparel, through technology to food and beverage retailing. Prior to his appointment as CEO, he was the Group’s COO, and had taken on various leadership roles in global operations, sales and other corporate functions. An established public speaker, Mr. Tung has frequently been featured in industry and youth forums. He is the founding Chairman of the Youth Arch Foundation that aims at identifying and developing young leaders, and also sits on the Board of the Esquel-Y.L. Yang Education Foundation.
“It is my privilege to take the lead at this pivotal time for Esquel and I thank the board for their trust,” said Mr. Tung upon the appointment. “I am very proud of the Esquel team not only for the deep expertise and broad influence we have accumulated over the years, but also for our innovative culture and sustainability values. I have every confidence in Esquel's success in our new ventures.”
Founded in 1978, Esquel Group has pursued growth over the years in line with its vision of Making a Difference, which guides its development toward two goals – tackling climate change and narrowing the wealth gap. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial knowledge and technology, as well as a builder of direct consumer brands.
Headquartered in Hong Kong, Esquel provides 35,000 quality jobs in China, Japan, Sri Lanka, the UK, the US and Vietnam. Its vertically integrated operations include cotton ginning, spinning, weaving, knitting, as well as accessories and garment manufacturing. The Group also promotes industry-changing technology and offers knowledge-based products, including digital supply chain and smart manufacturing solutions. Through homegrown retail brands PYE and DETERMINANT, Esquel showcases the expertise in providing premium cotton products while demonstrating its sustainability values directly to consumers.
For more information on Esquel, please visit http://www.esquel.com.