Tragedy Spurs Foremost Group Founder James Chao Out of Retirement to Lead Company After Daughter’s Death
NEW YORK – James Chao, the founder of Foremost Group, has announced that he will be coming out of retirement to lead the New York-based bulker owner following the tragic death of his daughter. Chao had handed over the reins of the company to his daughter Angela in 2018, who had been serving as both chief executive and chair. However, as reported on Monday, Angela passed away in a car accident, prompting her father to …