Jardine Matheson Hldgs Ltd Directorate Change (4291C)
October 01 2018 - 2:00AM
UK Regulatory
TIDMJAR TIDMJDS TIDMDFI TIDMHKLD TIDMMDO
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."
- end
Page 2
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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