- A global search is underway for the new CEO of eCargo Holdings (ECG) after Will Zhao resigned to pursue other opportunities
- Founder and Executive Chairman John Lau will serve as interim CEO but will not receive additional salary for the duties
- Mr Lau thanked the outgoing CEO for his contributions, particularly in overseeing the integration of Metcash Asia
- eCargo Holdings shares rose 35.7 per cent today to close at 1.9 cents
eCargo Holdings (ECG) is searching for a new CEO after Will Zhao resigned to pursue other opportunities.
eCargo Holdings works with brands and retailers looking to gain access to China by providing eCommerce IT, eSupport, eMarketing, eOperation, and eFulfillment services.
Founder and Executive Chairman, John Lau, will serve as interim CEO until a permanent replacement is found, but will not receive an additional salary.
Mr Lau thanked the outgoing CEO for his contributions, particularly in overseeing the integration of Metcash Asia into the group.
“We would like to thank Will for his passion and commitment in leading ECG during a transformational period with the Metcash Asia integration into the group, creating a comprehensive offering for our clients intent on capturing the attention of China’s growing consumer market.”
“The Metcash Asia business enabled us to accelerate our online to offline strategy, laying the foundations for strong growth ahead and we wish Will all the best for the future.”
eCargo Holdings completed the acquisition of 85 per cent of Metcash Asia from Metcash Trading in February 2019.
eCargo Holdings shares rose 35.7 per cent today to close at 1.9 cents.