Hong Kong ABS announced that co-founder and Chief Executive Officer, Thomas (Tom) Choi, is transitioning his role as CEO to that of Director on the Board so that he can pursue other interests and opportunities.Tom will continue to support the company as a Director on the Board and he remains a significant investor in the business.

 

ABS current chairman, and industry veteran of more than 30 years, Jim Frownfelter, will become interim CEO. Jim and majority owners, Permira, have commenced a search for a new CEO and intend to make an announcement in the near future.