Fung Group and Li & Fung announce the appointment of senior executives

While Li & Fung has appointed Joseph Phi replacing Marc Compagnon as the company’s new Group President, Fung Group has elevated Compagnon to Senior Advisor. The companies announced through separate media statements that working across the Fung Group of companies, whose core businesses operate across the entire global supply chain for consumer goods including sourcing, logistics, distribution and retail, Compagnon will lead its initiative to build a network of strategic industry partners, while as Group President of Li & Fung, Phi will lead the company’s supply chain solutions operating groups, including business development. Reporting into Li & Fung Group CEO Spencer Fung, he will continue as President, LF Logistics and to serve on the board of directors of the company.