Wallem CEO Doughty to step down from role

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Wallem Group Chairman, Nigel Hill, has issued a statement following the announcement on Friday that CEO Simon Doughty is to step down from his role.

Mr Hill said: “Simon and his wife have decided that the time has come to them to leave Hong Kong and return home to be with their daughters and ageing parents.

“We have begun the search for Simon’s successor – the executive search is being handled by Jennifer Curtis at Cripps Sears in London. An announcement will be made when the right candidate has been found.

“In the meantime, Simon, myself and the Wallem Group Board of Directors are focused on ensuring that it is business as usual. Simon has agreed to stay on as CEO until his successor as been found.”