The Hong Kong-based liner carrier OOCL said Tuesday that Andy Tung will become the company’s new chief executive officer from July 1, replacing current CEO Philip Chow, who is retiring.
Tung is currently OOCL’s chief operating officer, and has served the company in various capacities, including as director of reefer trade between 1993 and 1998. He rejoined OOCL in 2006 and has been COO since January 2009.
Tung will also continue to be an executive director and member of the executive committee of Orient Overseas (International) Ltd. (OOIL), the parent company of OOCL, and the managing director and a member of the executive committee of OOCL. He is also a member of the executive committee of the Hong Kong Shipowners Association.
Chow has been with the OOIL Group for more than 36 years and “has played a critical role in shaping the company’s strategic direction and culture that has led the group from strength to strength under his leadership,” the company said.
Chow will remain a non-executive director of OOIL and will participate in the group’s strategic issues, the company added.