HONG KONG, April 19 /Xinhua-PRNewswire-FirstCall/ -- Techtronic Industries Co. Ltd. ("TTI" or the "Group") (HKEx: 669; ADR: TTNDY) today announced the appointment of Dr. Roy Chi Ping CHUNG JP as the Vice Chairman of TTI with effect from 18th April, 2007. Dr. Chung will continue in his capacity as an Executive Director of TTI. Dr Chung is a co-founder and visionary of the Group whose leadership will further play an increasingly important part in the Group's strategic direction.
Dr. CHUNG, aged 54, a co-founder of TTI, has been the Managing Director since 1985. He is responsible for the corporate and business management of the Group. He holds a Master of Science Degree in Engineering Business Management from the University of Warwick, United Kingdom. He was further awarded an Honorary Doctor by the University of Newcastle, New South Wales, Australia in 2006.
Possessing nearly 30 years of solid experience in the electric appliances and electronics industries, Dr. CHUNG continues to hold strong interest in this business sector, actively participating in and motivated to the training of the next generation of industry leaders. He was appointed as Justice of Peace by the Hong Kong SAR Government effective on 1st July, 2005. Dr. CHUNG won the 1997 Hong Kong Young Industrialists Award, and is currently Vice-Chairman of the Federation of Hong Kong Industries, a non-official member of Committee on Economic Development and Economic Cooperation with the Mainland - Commission on Strategic Development, a member of Home Affairs Bureau - Sports Commission, Council Member of Vocational Training Council, Chairman of Electronics/ Electrical Appliances Industry Advisory Committee of Hong Kong Trade Development Council, a Council Member of Employers' Federation of Hong Kong, Elected Council Member and Executive Committee Member of Hong Kong Management Association, a member of the Advisory Board for Lingnan University's Faculty of Business, Director of the Hong Kong Safety Institute Limited, Vice-Chairman of Hong Kong Standards and Testing Center Limited, Director of Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI), Director of Hong Kong Design Center Limited, Vice-Chairman of the Governing Board of the Dongguan City Association of Enterprises with Foreign Investment.
Mr. Horst Julius PUDWILL, Chairman and CEO of TTI, said "The Board would like to express their continuing support for the appointment of Dr. Chung to Vice Chairman. This expanded role will be beneficial and in the best interests to the Group."
About TTI
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world-class supplier of superior home improvement and construction tools with a powerful portfolio of trusted brands and a strong commitment to innovation and quality. The portfolio that TTI offers includes a full line of power equipment products, floorcare, laser and electronic products employing approximately 23,000 people worldwide. TTI's portfolio of global brands, among others, Milwaukee(R), AEG(R), Ryobi(R), Homelite(R), Royal(R), Dirt Devil(R), Regina(R), Vax(R) and Hoover(R).
TTI is one of the constituent stocks on the Hang Seng HK MidCap Index under the Hang Seng Composite Index, the MSCI Hong Kong Index, the FTSE All-World Hong Kong Index, the FTSE/Hang Seng Asian Cyclical Index and the Dow Jones Hong Kong Titans 30. For more information, please visit www.ttigroup.com.
Trademarks
All trademarks used are intellectual property of their respective owners and are protected under trademark law.
The use of the trademark Ryobi(R) is pursuant to a license granted by Ryobi Limited.
Contact:
Jess Cheung
Tel: +852-2402-6683
Email: ir@tti.com.hk
