Global Logistic Properties (GLP) has appointed co-presidents to head its China operations following the decision by Kent Yang to step down from the leadership role.
The Singapore-based logistics operator and fund manager has promoted Teresa Zhuge and Victor Mok to take charge of GLP China. Zhuge, formerly the chief financial officer of GLP China, will now be responsible for the finance, investment-related and human resource functions for the country. Mok, who was previously the chief commercial officer, will be leading the commercial and operational functions for the China business in the co-president role.
Meanwhile Yang, who decided to leave the leadership role to purse a personal venture, will become a senior advisor with GLP China.
In a statement announcing the restructuring GLP said the leadership transition will be seamless as Yang would be working closely with the co-presidents over the next nine months.
“With our succession planning in place, Teresa and Victor will continue to build on the strong foundation that Kent has created and take our business to the next level in China,” said Ming Z. Mei, chief executive officer of GLP. “Kent joined us in 2005 and has proven a loyal and valuable member of the GLP team ever since. We thank him for his commitment and contributions and wish him the very best as he sets off to pursue his own interests.”
GLP said the dual leadership structure, a first for the firm in the country, would allow it to “focus on strengthening operations and leasing while growing its development and fund management platform.”
Before joining GLP, Zhuge was the fund management director and assistant chief financial officer of Prologis China. She has also previously worked with Morgan Stanley Properties in China and Deloitte. Mok has close to three decades of experience in the aviation and logistics industries and was the chief executive officer, North Asia, for DHL Supply Chain.