China Yuchai International Limited has appointed Dr. Thomas Khong Fock Phung as its new Chief Financial Officer with effect from June 1, 2016. Dr. Phung takes over from Kok Ho Leong who will be relinquishing his position in order to assume the CFO role at Hong Leong Asia Ltd., China Yuchai's parent company.
Dr. Phung has over 20 years' experience in both the manufacturing and service sectors. Prior to this appointment, Dr. Phung was the East Asia Pacific Finance Director for Alstom Transport (Singapore) Pte Ltd. Prior to Alstom, Dr. Phung was with Bombardier Transportation group as Director Controlling Asia Pacific for four years and Commercial Manager/Site Controller of joint venture operations in China for three years. Preceding this, he was Finance Director & Deputy General Manager at Shandong Asia Pacific SSYMB Pulp & Paper Co. Ltd. where he was based in Shandong, China for three years.
Dr. Phung has also worked at Thales GeoSolutions (Asia Pacific), Glaxo SmithKline Singapore Pte Ltd and Baker Oil Tools, a Baker Hughes company. Dr. Phung started his career as a credit authorizer at Bank of America in Singapore.
Dr. Phung has, in the course of his career gained extensive experience in financial reporting, tax planning, financial control analysis, cost and management accounting, budgeting and cash management. Dr. Phung received his PhD in Finance from Cass Business School, City University in London in 1998 and an MBA in Financial Management from Hull University Business School in Hull, UK in 1994.