ABV Consulting, Inc. (OTCMKTS:ABVN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective on September 11, 2017, the Board of Directors of ABV Consulting, Inc. (the “Company”) appointed Wai Chi Chan as the Company’s Chief Financial Officer to take over these duties from Wai Lim Wong who will continue to serve as the Company’s sole Director, President and Chief Executive Officer. In addition, the Board appointed Ching Yau Chu as the Company’s Chief Operating Officer.
At this time, we do not have any written employment agreement or other formal compensation agreements with our new officers. Compensation arrangements are the subject of ongoing development and we will make appropriate additional disclosures as they are further developed and formalized.
The following is a brief description of the background on our recently appointed officers.
Wai Chi Chan. Mr. Chan, age 56, has been appointed as the Company’s Chief Financial Officer. He has over 30 years of experience in banking, finance, administration and project management. Prior to joining the Company, Mr. Chan has been the “Head of Finance and Administration” of the Evergreen Group since November 2013 where he is accountable for the areas of accounting, administration and human resources management across companies owned or operated by Evergreen Group. From 1987 to 2009, Mr. Chan had been employed as the “Manager, Standards & Governance” in Standard Chartered Bank, an international financial institution. At Standard Chartered Bank, Mr. Chan’s responsibilities included process standardization, enhancement of operational and reporting capabilities, development and execution of internal control procedures and policies and project management. During his employment at Standard Chartered Bank, Mr. Chan achieved practical and valuable experience in handling various types of international companies and professionals. Mr. Chan received a Bachelor of Science Degree in Finance from the Open University of Hong Kong.
Ching Yau Chu. Mr. Chu (age 60), has been appointed as the Company’s Chief Operating Officer. He has over 39 years of experience in banking and financial and securities business and is fluent in English, Cantonese and Mandarin. Prior to joining the Company, Mr. Chu has been a Group Chief Executive Officer of the Evergreen Group since 2013 responsible for the businesses and management across companies owned or operated by Evergreen Group. From 2011 to 2013, Mr. Chu was a General Manager of Pico Zeman Securities (HK) Limited, a financial products and services company based in Hong Kong where he was responsible for the overall businesses, operations and management of the company. From 2009 to 2011, Mr. Chu was appointed and employed as a Senior Advisor by the Banking Skills Training Consultancy (BTC), Vietnam, an organization sponsored by the World Bank for the emerging growing countries. His responsibility included providing consultancy advice to reorganize the local banking industry’s business strategies, organizational structure, service standards, talent development, organization transformation as well to improve the Vietnam Banking Industry’s capability by building a Vocational Training in Banking, Insurance and Securities in Vietnam. From 1978 to 2009, Mr. Chu completed 31 years of service at Standard Chartered Bank where his last position was Senior Manager, Global Standards and Governance and Talent Development where he had global responsibility for driving learning culture, service standards, strategy policies, talent development across a variety of countries where the Standard Chartered Bank Group operated. Mr. Chu was also appointed by the Hong Kong Government Secretariat Education and Manpower Bureau as a Council Member of the Banking Training Board of Vocational Training Council from 1993 to 1997 that was responsible for improving the Hong Kong banking industry development and capabilities of the banking employees through training and development initiatives. Mr. Chu holds a Master’s Degree in Human Resources and Training and a Master Degree in Business Administration from the Leicester University (UK) and the Chinese University of Hong Kong, respectively.
About ABV Consulting, Inc. (OTCMKTS:ABVN)
ABV Consulting, Inc. provides merchandising and consulting services to craft beer brewers and distributors. The Company also provides marketing support within the craft beer industry to retailers and other organizations. The Company provides general branding support, including marketing research, naming and graphic design help. It builds and merchandises displays of product in the off-premise class of trade. It executes sampling promotions, where legal, in the on-premise and off-premise class of trade. The Company develops and/or executes promotions in the on-premise class of trade. It is also involved in manning sampling booths at local beer festivals. It develops and/or executes other sales and marketing strategies. The Company focuses on providing services for retailers and other organizations using craft beer, including organizing, promoting and managing beer festivals; managing merchandising, and promoting and executing sampling efforts in order to drive customers into the store.