CLP Holdings names new group CEO as Richard Lancaster transitions on

CLP Holdings, one of the largest investor-owned power businesses in Asia-Pacific with investments in Hong Kong, China, Australia, India and Taiwan, has appointed the head of its Hong Kong unit Chiang Tung Keung (pictured left) as the new group CEO, effective from 1 October. He is the first Chinese national to take on the role.

Chiang will succeed Richard Lancaster (pictured right) who will continue to serve as an advisor to Chiang and as an executive director on the board of CLP Holdings as well as a member of its finance and general and sustainability committees until his retirement in May 2024. Lancaster has been CEO and an executive director of CLP since 2013.

Chiang, currently managing director of CLP Power Hong Kong, has over 30 years of engineering, broad general management and regulatory experience in the power industry in CLP’s core markets of Hong Kong and China. He joined CLP Power as a graduate trainee in 1988 and has been managing director of CLP Power since 2017, holding overall responsibility for CLP’s Hong Kong electricity business.

With the expertise and experience gained through his considerable service in a range of senior management positions within CLP, Chiang will ensure the smooth and effective transition of the Company’s executive leadership, following Lancaster’s relinquishment of his executive responsibilities, according to the release. 

Chiang will be succeeded by Law Ka Chun Joseph as managing director of CLP Power Hong Kong. Law is currently managing director of China unit of the company and has held a broad range of senior management positions since joining CLP Power in 2001.

Commenting on the appointment, Michael Kadoorie, chairman of CLP, said: “I am very pleased with these internal appointments which reflect CLP’s commitment in developing people and the effectiveness of its succession planning.”

“I would like to take this opportunity to thank Lancaster for his significant contributions to CLP with his outstanding leadership and commitment over the years. He has led the company through some of the most disruptive years and set it rightly on the course of transformation so that we are well prepared for the future,” he added. 

MARKETING-INTERACTIVE has reached out to CLP for more information.

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