Rockowitz named Li & Fung ceo
May 18, 2011,
Hong Kong - Bruce Rockowitz, founder of the Colby International trading agency Li & Fung acquired in 2000, has been named group president and ceo of Li & Fung Ltd.
Rockowitz has been an executive director of Li & Fung since 2001 and president of Li & Fung (Trading) Ltd. Since 2004.
"Li & Fung has reached a size and structure that requires a new organizational structure," said Victor Fung.
Rockowitz will oversee the $15.9 billion company's new three-year plan for trading, logistics and distribution. Nine newly promoted division presidents now report to him.
He is also non-executive director of the Pure Group, a lifestyle, fitness and yoga firm operating in Hong Kong, Singapore, Taiwan and soon China. In 2010 and 2011, Barron's ranked Rockowitz as one of the world's 30 best ceos.