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Hong Kong’s Hang Lung Properties names former Starbucks China head Leo Tsoi as new CEO
Tsoi’s appointment marks Hang Lung’s first CEO change since Adriel Chan took over from his father Ronnie Chan as chairman in 2024
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Zhu Wenqianin BeijingPublished: 6:01pm, 7 Aug 2026Updated: 6:32pm, 7 Aug 2026Hong Kong developer Hang Lung Properties has tapped Leo Tsoi Tak-lun, CEO of Toys ‘R’ Us Asia and former head of Starbucks China, as its new CEO and executive director.
Tsoi will join Hang Lung Group and Hang Lung Properties on September 7 as CEO-designate and executive director ahead of formally assuming the CEO role on October 1. He succeeds Weber Lo Wai-pak, who retires on August 31 after serving as CEO for eight years, the developer said in a statement on Friday.
Tsoi’s appointment marks Hang Lung’s first CEO change since Adriel Chan took over from his father Ronnie Chan as chairman in 2024, in the latest leadership shift at the family-controlled property group.
Tsoi, 56, has more than three decades of experience in retail and business management in Asia. He currently serves as CEO of Toys ‘R’ Us Asia, where he expanded the brand’s appeal to the “kidult” segment, and revived business growth across China and Southeast Asia, according to Hang Lung.
Prior to this role, he headed Starbucks China as CEO after holding several senior leadership positions in the US coffee giant. Earlier in his career, Tsoi “built a strong leadership foundation” at PepsiCo and Procter & Gamble Greater China, Hang Lung said.
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