Xu Yang has stepped down as CEO of the Anta brand, citing family reasons for his resignation, according to KrASIA. This marks a significant leadership change within the company’s key sportswear division.
Following Xu Yang’s departure, Lai Shixian, who currently serves as executive director and co-CEO of Anta Group, has been appointed as the acting CEO of the Anta brand with immediate effect, KrASIA reported. This move places Lai at the helm of the brand during this transitional period.
For Japanese investors and market watchers, the leadership shift at Anta—a major player in the sportswear sector—could influence the company’s strategic direction and performance in both domestic and international markets, including potential impacts on equities and related FX movements.