REG - Jardine Matheson Hdg Jardine Strategic Dairy Farm Intnl Hongkong Land Hldgs Mandarin Oriental - Directorate Change

Mandarin Oriental InternationalAnnouncement

01/10/2018 07:05

RNS Number : 4291C
Jardine Matheson Hldgs Ltd
01 October 2018
 


                                                                                                          29th September 2018
                                                                                                         For immediate release
Change of Chairman
Jardine Matheson Holdings Limited (the 'Company') announces that Sir Henry Keswick, on reaching his 80th birthday, will be retiring from the Board of the Company and from his position of Chairman with effect from 31st December 2018.  He will be appointed Chairman Emeritus from that date.
Ben Keswick will replace Sir Henry as Executive Chairman of the Company and will continue in his role as Managing Director.  He will remain resident in Hong Kong.
Incoming Chairman Ben Keswick said:
"Sir Henry, whose retirement as Chairman is announced on his 80th birthday today, has been central to Jardine Matheson for more than half a century.  Deeply rooted in China, where he was born, and in Hong Kong, his understanding of Asia's dynamic business climate and his personal friendships with its business and political leaders have been a tremendous asset to Jardines. 
So too has been his exceptional entrepreneurial drive, which has seen our net assets grow from US$ 70 million to US$ 26 billion since he became Chairman in 1972.  Jardines' position in mainland China and Hong Kong has been transformed and its presence in Southeast Asia has been greatly extended. Through this transformation Jardines has retained the strong heritage, management culture and business values which have underpinned our success since Jardines was founded in 1832.  Today we have a uniquely strong platform for further expansion.
We will continue to benefit from Sir Henry's experience, insight, and advice in his new role as Chairman Emeritus."
Sir Henry Keswick said:
"It has been my honour to serve at the helm of one of the great long term business institutions.  Ben's succession has been progressing for a number of years and I have great confidence that he will continue to drive the business to further success."
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For further information please contact:
 
Investor enquiries:
 
Jonathan Lloyd
Jardine Matheson Limited                                                                     (852) 2843 8223
 
Media enquiries:
 
Erin Atan
Jardine Matheson Limited                                                                     (852) 2843 8216
                                                                                                              
Brunswick                                                                                             
Tom Burns                                                                                             (44) 207 404 5959
Karin Wong                                                                                           (852) 9755 6265
 
This and other Group announcements can be accessed through the internet at
www.jardines.com.
 




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