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Angela Chao, CEO of the shipping company Foremost Group and sister of former US cabinet secretary Elaine Chao, was killed in a car crash in Texas on Sunday, according to a spokesperson for her company, CNN reported.
Angela Chao, 50, was CEO of the shipping company since 2018, assuming the role from her father, James S.C. Chao, who founded it in 1964. I Photo: Angela Chao
Angela Chao, 50, was CEO of the shipping company since 2018, assuming the role from her father, James S.C. Chao, who founded it in 1964.
Her father will reassume the role of chairman of the company, and another executive, Michael Lee, will assume the role of president of Foremost, according to the company statement.
She graduated magna cum laude in three years from Harvard with a degree in economics, and then received her MBA from Harvard, according to a company biography.
Before joining the family business, she worked in mergers and acquisitions at Smith Barney, now a part of Morgan Stanley.
She was one of five sisters of Elaine Chao, who served as labor secretary under President George W. Bush and transportation secretary under President Donald Trump. Elaine Chao is the wife of Senate Minority Leader Mitch McConnell.
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