Swire Pacific chairman steps down to resume chief exec role at parent John Swire

Greater Bay Area Dynamic Growth Holding

21/05/2021 12:29

HONG KONG, May 21 (Reuters) - Conglomerate Swire Pacific Ltd
 0019.HK  said on Friday that Merlin Bingham Swire will step
down as chairman of the company and of Swire Properties Ltd
 1972.HK  with effect from Aug. 24.
    After three years in Hong Kong, Swire will resume his role
as chief executive of John Swire & Sons Ltd, the parent of the
Swire group, based in London while remaining as a director of
Swire Pacific, Swire Properties and Cathay Pacific Airways Ltd
 0293.HK .
    Guy Martin Coutts Bradley, currently chief executive of
Swire Properties, will become chairman of both Swire Pacific and
Swire Properties. 
    Timothy Joseph Blackburn, Chief Executive Officer, of
Chinese mainland of Swire Properties will become chief executive
of Hong Kong-listed Swire Properties.
    All changes will come into effect on August 24.
    "We are confident in Hong Kong's prospects and remain
determined to grow our businesses here," outgoing chairman Swire
said, adding the group eyes development in core property,
beverage, and healthcare businesses in the mainland
    "Closer cooperation and integration with other cities in the
Greater Bay Area will bring great benefits to Hong Kong and
drive the city's economic growth, and we plan to participate in
that growth," he added.
       

 (Reporting by Donny Kwok and Twinnie Siu; Editing by Louise
Heavens)
 ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters
Messaging: donny.kwok.reuters.com@reuters.net))