Hong Kong's MTR Corporation to promote managing director Jeny Yeung to CEO
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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
6 minutes ago
- South China Morning Post
Trump tariffs spark India-China reset, Chinese city's biotech dream: SCMP daily highlights
Catch up on some of SCMP's biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing The world's two most-populous countries made significant progress on the diplomatic front recently, and those championing such moves may have Washington to thank. South China's Guangdong province has announced its ambition to join the country's race to expand its commercial space sector, promising financial and policy support for companies wanting to build low-orbit satellite constellation systems and promote their application in futuristic industries including space mining and space tourism. Ilustration: Brian Wang Could a city best known for its classical gardens and ancient canals emerge as China's answer to Boston – the global epicentre of biotechnology innovation?
South China Morning Post
36 minutes ago
- South China Morning Post
China turns up oil tap from Russia as purchases of US crude remain suspended in July
China's crude oil imports remained robust in July, fuelled by higher Russian shipments, while China's purchases from the US remained suspended for a second straight month. The latest customs data shows that the volume of inbound crude oil reached 47.2 million tonnes in July, up 11.5 per cent from a year earlier. China purchased 8.71 million tonnes of crude oil from Russia, making it the top source of China's crude imports last month, according to the official data. This marked a year-on-year increase of 16.8 per cent, with its northern neighbour supplying nearly a fifth of crude imports. Meanwhile, China's last import of crude oil from the US was in May. China also imported 7.47 million tonnes of crude oil from Saudi Arabia in July – a year-on-year rise of 16.6 per cent. Saudi Arabia, Iraq and Malaysia were China's other top crude oil suppliers last month. Over the first seven months of the year, China imported 326.6 million tonnes of crude, up 2.8 per cent from the same period in 2024. Russia accounted for 17.7 per cent of this year's total.
South China Morning Post
36 minutes ago
- South China Morning Post
Apple contractor Foxconn ramps up hiring at China factories ahead of iPhone 17 launch
Apple's main contract manufacturer, Foxconn Technology Group , has ramped up recruitment efforts ahead of the September launch of the iPhone 17, offering higher pay and bonuses for assembly line workers at its plants in Zhengzhou and Shenzhen. Advertisement The world's largest iPhone factory in Zhengzhou, in central Hunan province, has started increasing pay scales to lure temporary workers. A Tuesday post on WeChat by one of Foxconn's recruiting agencies said workers who stayed at the factory for three months would qualify for a bonus of up to 8,000 yuan (US$1,113), a significant hike from early July when the three-month bonus was up to 4,500 yuan. Workers can earn 28 yuan per hour, up from 23.5 yuan per hour in early July. The hourly rate was raised to 24 yuan in mid-July, 25 yuan later last month, and 27 yuan in early August, according to recruitment agency Zhengzhou Fugonglian Human Resources. In Shenzhen, the tech hub in southern Guangdong province, Foxconn's Integrated Digital Product Business Group – responsible for smartphone manufacturing – is offering 26 yuan per hour for contract workers, according to a recruitment notice posted on WeChat on Wednesday. The notice said the rate lasts until November 30. This photo taken on July 17, 2025 shows the Apple booth at the China International Supply Chain Expo in Beijing. Photo: Xinhua In the same factory, workers responsible for other products earn a lower rate. For example, the post said that the Bluetooth earphone unit paid 22 yuan per hour.
