Hong Kong's MTR Corporation to promote managing director Jeny Yeung to CEO
The MTR Corporation has promoted managing director Jeny Yeung Mei-chun to CEO from January next year and tasked her with leading the Hong Kong rail giant through a transformation.
The corporation, which is nearly 75 per cent owned by the Hong Kong government, said on Wednesday that Yeung would succeed CEO Jacob Kam Chak-pui on January 1 next year for a three-year term following a global selection process.
Kam, 63, was made chief executive officer in April 2019 and had his contract renewed twice.
Yeung will become the first female CEO in the corporation's 45-year history.
The successor of Yeung's current role as the managing director of Hong Kong transport services will be announced later.
Yeung, 60, who joined the corporation in 1999, was instrumental in expanding its retail and advertising businesses on the rail networks, spearheading its digital transformation and promoting smart mobility and asset management, the MTR said.
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