REGULATION | Cesar Tordesillas, Hong Kong

CLP appoints Lancaster as Managing Director

Richard Lancaster has been appointed Managing Director of CLP Power Hong Kong Limited, succeeding Mrs. Betty Yuen.

An electrical engineer by training from the University of New South Wales, Australia, Mr. Lancaster, aged 47, has over 25 years of power industry experience in Hong Kong and overseas. He joined CLP in 1992 and has since held a wide range of management positions. He has also played a pivotal role in the company's development of infrastructure for new, cleaner energy sources such as natural gas and renewable energy in Hong Kong.

Mr. Lancaster has served as Acting Managing Director since last August while Mrs. Betty Yuen has been on a leave of absence for medical treatment. In his new capacity, Mr. Lancaster will report to Mr. Andrew Brandler, CEO of CLP Group, and will be supported by Mrs. Betty Yuen who will assume a part-time role, as Vice Chairman of CLP Power, with a primary focus on the strategic direction of the Group's Hong Kong electricity business. Mrs. Yuen will continue to serve as Chairman of Hong Kong Nuclear Investment Company, an investment arm that is responsible for the Group's nuclear business in the Mainland, including its interest in Daya Bay Nuclear Power Station.

"I am confident that Mr. Lancaster's leadership and solid experience will take CLP's Hong Kong business to a new level as a leading power company, supporting the Group's growth in the Asia Pacific region. We are also pleased that Mrs. Yuen has successfully recovered from her cancer treatment and will return to work in a new role. Her experience and connections will be of significant value to CLP as we advance our business in Hong Kong and in South China," said Mr. Andrew Brandler, CEO of CLP Group.

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