By  on May 18, 2011

HONG KONG — Li & Fung, the Hong Kong-based sourcing giant, has made major changes to its top leadership. William Fung will assume the role of chairman while Bruce Rockowitz has been named group president and chief executive officer.

Victor Fung, the current group chairman, will step down by the next annual general meeting in 2012. William Fung will assume the chairmanship when his brother relinquishes the post. In the meantime, William Fung will take on the role of executive deputy chairman.

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