Chairperson and Chief Executive Officer
Ms. Chao is Chairperson and CEO of Foremost Group, a global leader in the dry bulk shipping industry founded by her father Dr. James S.C. Chao with her mother, the late Mrs. Ruth Mulan Chu Chao, in 1964 in New York.
Ms. Chao was previously Vice President of Foremost Group, concentrating on Ship Operations and Ship Management, and then promoted to Senior Vice President of the Company, adding Chartering and Sale & Purchase to her responsibilities.
Prior to that, she was Assistant Vice President where she implemented Foremost Group’s Safety Management System to comply with the International Safety Management (ISM) Code, a new regulation mandated by the International Maritime Organization (IMO) which came into effect for large bulk carriers in 1997, whose objective was to ensure safety, prevent human injury or loss of life and avoid damage to the environment and property as a result of various marine accidents.. She has since also implemented the fleet’s Vessel Security Plans in compliance with the IMO’s International Ship and Port Facility Security (ISPS) Code, a comprehensive set of measures to enhance the security of ships and ports, developed in response to the 9/11 attacks in the United States.
Before joining Foremost Group in 1996, Ms. Chao worked in the Mergers & Acquisitions Department of Smith Barney, now Morgan Stanley Smith Barney.
She is a frequent speaker in the United States, Europe and Asia and serves on the Board of the American Bureau of Shipping Council and the Massachusetts Maritime Academy’s International Maritime Business Department Advisory Board. She also serves on the Harvard Business School’s Board of Dean’s Advisors, The Chairman’s Council of the Metropolitan Museum of Art, the Board of the Metropolitan Opera, the Carnegie-Tsinghua Center for Global Policy Board of Advisors, the Shanghai Mulan Education Foundation and the Ruth Mulan Chu Chao Foundation. She is also a member of the Council on Foreign Relations, serves on the Young Leaders Forum of the National Committee on US-China Relations and is the Honorary Chairperson of the Chiao-Tung University Alumni Association in America. In June 2016, Ms. Chao was nominated to be an Independent Non-Executive Director of the Bank of China. Previously, Ms. Chao served on the Boards of the New York City Economic Development Corporation, the China State Shipbuilding Corporation, the China Council for the Promotion of International Trade, Lincoln Center’s China Advisory Council and the Museum of Modern Art PS1.
Ms. Chao earned an M.B.A. degree from Harvard Business School after receiving her undergraduate degree in economics from Harvard College where she graduated magna cum laude in three years. Born in the United States, Ms. Chao also speaks Mandarin and lives in New York City.
Learn more about Angela at AngelaChao.org.