Jerash Holdings nominates co-founder as chairman in leadership shift

Jerash Holdings (US), Inc. (NASDAQ: JRSH), a Jordan-based garment manufacturer, has nominated co-founder Tsze Lun (Ringo) Ng for election as a director at its 2026 Annual Meeting of Stockholders, scheduled for September, according to a company statement.

If elected by stockholders, Ng will succeed Lin Hung (Sam) Choi as Chairman of the Board, effective immediately following the meeting. Choi will remain as Chief Executive Officer but will not stand for re-election to the Board.

The move separates the Chairman and CEO roles, which had previously been held by Choi. "Separating the Chairman and CEO roles reflects our commitment to strong corporate governance and, over the long term, is the best structure for Jerash and its stockholders," Choi said.

Ng has served as Head of Marketing of Jerash and its subsidiaries since 2018 and as Head of Business Development of subsidiary Treasure Success International Limited since 2022. He has been a director of Treasure Success since 2016 and has more than 50 years of experience in the garment industry.

Jerash operates eight factory units and six warehouses in Jordan and employs approximately 6,300 people. The company manufactures sportswear and outerwear for brands including The North Face, Timberland, New Balance, Hugo Boss, and American Eagle.

You May Also Be Interested In

• Waymo Explores Split With Uber - FT
• FDA issues early alert on Boston Scientific catheter tip separation risk
• McGraw Hill (MH) files for 165M share offering by selling stockholders