The board of directors of Parkson Retail Group Limited announced that Mr. Tan Hun Meng will resign as the chief executive officer of the group with effect from 1 March 2014 in order to devote more time for his family. Mr. Tan is the Executive Director of the Company, he will be re-designated as Non-executive Director of the company with effect from 1 March 2014 to work with the Board to focus on the overall growth strategies of the group. The Board also announced that Mr. Chong Sui Hiong will be appointed as the Interim CEO of the group with effect from 1 March 2014 until the group has completed a due process on the recruitment of a CEO of the group.

Chong Sui Hiong is currently the group's Director of Merchandising Department and Chief Operating Officer of Southern Region.