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MTR CORPORATION: Jacob Kam Appointed as Chairman Starting Jan 2026; Rex Auyeung to Retire
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MTR CORPORATION (00066.HK) announced that Jacob Kam Chak-pui, currently the CEO, has been appointed as a NED of the Company, upon the expiry of his term as the CEO, and whereupon he would also cease to be a Member of the Executive Directorate, all with effect from 1 January 2026; pursuant to Article 117(a) of the Articles, the FSI has notified the Company that Kam will be appointed as the Chairman of the Company with effect from 1 January 2026 until 31 December 2028 (both dates inclusive); and at the same time as Kam becomes the Chairman of the Company, he will also become the chairman of the Environmental & Social Responsibility Committee and a member of each of the Nominations Committee and the Remuneration Committee of the Company. Separately, Rex Auyeung Pak-kuen will retire from the position of Chairman, and will also retire as a Director, the chairman of the Environmental & Social Responsibility Committee and a member of each of the Nominations Committee and the Remuneration Committee of the Company when his tenure expires after 31 December 2025; and Adrian Wong Koon-man, an INED of the Company, has been appointed by the Board as a member of the Finance & Investment Committee of the Company and has ceased to be a member of the Audit & Risk Committee of the Company, both with effect from today (14th). AASTOCKS Financial News Website: www.aastocks.com |
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