Skip to site menu Skip to page content

Daily Newsletter

24 June 2024

Daily Newsletter

24 June 2024

Super Hi unveils board changes and appoints new CEO  

The new CEO and executive director Yang Lijuan will succeed Li Yu, who will transition to a senior regional manager role.

Soumya Sharma June 24 2024

Chinese restaurant brand Super Hi International Holding has appointed Yang Lijuan as its new CEO and executive director.  

Lijuan, who began her career with Haidilao as a waitress in 1995, has steadily climbed the ranks, holding managerial and directorial positions within the organisation.  

Her appointment follows the resignation of the former CEO, Li Yu, who will continue to contribute to the company as a senior regional manager and executive director. 

The newly announced reshuffle in the company’s executive leadership and board composition is effective from 1 July 2024. 

Wang Jinping, the outgoing chief operating officer and executive director, will depart from his current roles to concentrate on new business incubation for Super Hi.  

His resignation is also set for 1 July 2024.  

Lijuan's experience with Haidilao International, including her leadership during the pandemic, saw the company rebound from losses to a net profit of 4.495bn yuan ($618.96m) in 2023. 

The board of directors will undergo a reconstitution following these changes.  

From 1 July, the board will comprise four directors: Shu Ping, Yang Lijuan, Li Yu and Liu Li, alongside three independent directors: Tan Kang Uei, Teo Ser Luck and Lien Jown Jing.  

This restructured board aims to guide Super Hi International Holding through its next phase of growth and development. 

Super Hi chair and non-executive director Shu Ping said: “The board is delighted to appoint Yang as Super Hi’s new CEO. 

“Her proven track record, including navigating Haidilao International Holding through the challenges of the pandemic and over 27 years of experience in restaurant operations and management of Haidilao International, makes her the ideal candidate for this role.

"Yang led the overseas expansion of the Haidilao brand, successfully establishing a presence in Singapore and the United States in 2012 and 2013 respectively, laying the foundation for the group's current operations in the international market.” 

Future of Foodservice Market Overview

GlobalData's latest report provides an in-depth evaluation of the global foodservice market, including an analysis of the key issues impacting the market and the opportunities they present for the sector participants. The report includes data and forecast of key channels (QSR; FSR; coffee & tea shop; and pub, club & bar) across geographies. Per GlobalData, the rebound in tourism and return in consumer preferences to pre-pandemic levels is expected to drive the market growth at a CAGR of over 7% by 2027.

Future of Foodservice Market Overview

GlobalData's latest report provides an in-depth evaluation of the global foodservice market, including an analysis of the key issues impacting the market and the opportunities they present for the sector participants. The report includes data and forecast of key channels (QSR; FSR; coffee & tea shop; and pub, club & bar) across geographies. Per GlobalData, the rebound in tourism and return in consumer preferences to pre-pandemic levels is expected to drive the market growth at a CAGR of over 7% by 2027.

Future of Foodservice Market Overview

GlobalData's latest report provides an in-depth evaluation of the global foodservice market, including an analysis of the key issues impacting the market and the opportunities they present for the sector participants. The report includes data and forecast of key channels (QSR; FSR; coffee & tea shop; and pub, club & bar) across geographies. Per GlobalData, the rebound in tourism and return in consumer preferences to pre-pandemic levels is expected to drive the market growth at a CAGR of over 7% by 2027.

Future of Foodservice Market Overview

GlobalData's latest report provides an in-depth evaluation of the global foodservice market, including an analysis of the key issues impacting the market and the opportunities they present for the sector participants. The report includes data and forecast of key channels (QSR; FSR; coffee & tea shop; and pub, club & bar) across geographies. Per GlobalData, the rebound in tourism and return in consumer preferences to pre-pandemic levels is expected to drive the market growth at a CAGR of over 7% by 2027.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close