HRnetGroup appoints 10 new business leader co-owners 

[SINGAPORE] HRnetGroup has appointed 10 new business leader co-owners, following the retirement and departure of certain leaders, to bring its total number of co-owners to 45.

This is part of the group’s strategy to deepen leadership succession and sustain business momentum, it said in a bourse filing on Wednesday (Jul 16).

Co-owners can make operating decisions, while the group provides shared services including finance, HR and IT via centralised systems, policies and practices, and decentralised business partnering.

The leaders are: Daniel Cao, practice leader for HRnetOne Beijing; Agnes Chen, senior practice leader for HRnetOne Shenzhen; Chen Ping, managing director for PeopleSearch Taiwan and Doudou; Eric Ma, partner for REForce Xi’an; and Lilian Zhao, partner for REForce Beijing.

HRnetGroup also appointed Steffen Tian, partner for REForce Chengdu; Grace Tang and Magdalene Teo, business leaders for Leaps by HRnet; Deborah Ho, business leader for Crew by HRnet; and Lee Jia Jun, director for RecruitFirst Singapore.

The group said its co-ownership model is a key competitive advantage in that it allows these leaders to make operational decisions and drive business outcomes autonomously.

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This model not only aligns leadership interests with those of shareholders, but also enhances operational agility, client engagement and market responsiveness, the company said.

Shares of HRnetGroup closed flat at S$0.69 on Wednesday, before the announcement.