HONG KONG, Could 21 (Reuters) – Conglomerate Swire Pacific Ltd 0019.HK mentioned on Friday that Merlin Bingham Swire will step down as chairman of the corporate and of Swire Properties Ltd 1972.HK with impact from Aug. 24.
After three years in Hong Kong, Swire will resume his function as chief government of John Swire & Sons Ltd, the dad or mum of the Swire group, based mostly in London whereas remaining as a director of Swire Pacific, Swire Properties and Cathay Pacific Airways Ltd 0293.HK.
Man Martin Coutts Bradley, presently chief government of Swire Properties, will turn out to be chairman of each Swire Pacific and Swire Properties.
Timothy Joseph Blackburn, Chief Govt Officer, of Chinese language mainland of Swire Properties will turn out to be chief government of Hong Kong-listed Swire Properties.
All adjustments will come into impact on August 24.
“We’re assured in Hong Kong’s prospects and stay decided to develop our companies right here,” outgoing chairman Swire mentioned, including the group eyes growth in core property, beverage, and healthcare companies within the mainland
“Nearer cooperation and integration with different cities within the Higher Bay Space will carry nice advantages to Hong Kong and drive town’s financial progress, and we plan to take part in that progress,” he added.
(Reporting by Donny Kwok and Twinnie Siu; Enhancing by Louise Heavens)
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