Board appointments

After three years in Hong Kong, Merlin Swire will resume his role as Chief Executive of John Swire & Sons Limited, based in London. He will remain a Director of Swire Pacific, Swire Properties and Cathay Pacific, and will step down as Chairman of Swire Pacific Limited and Swire Properties Limited on 24th August 2021.

Guy Bradley will succeed Mr Swire as Chairman of Swire Pacific and Swire Properties. Guy will also be appointed Chairman of John Swire & Sons (H.K.) Limited and HAECO. He will also become a Director of Cathay Pacific Airways Limited.

Commenting on his time as Chairman, Merlin said, "I am proud of the resilience that the entire Swire Pacific group has shown over the past three years, in particular the resilience which the team at Cathay Pacific has shown in the face of COVID-19. I am also delighted by the progress made in strengthening and expanding our businesses in the Chinese mainland."

"I will continue to spend a substantial part of each year in the Chinese mainland and Hong Kong, engaging with stakeholders and business partners as Swire deepens and expands its presence."

Commenting on Guy Bradley's appointment, Merlin said, "Guy has broad experience and a proven track record. He will be a strong leader for the group in its next chapter of growth. I have full confidence in him and in our team."

Speaking about his new appointment, Guy Bradley said, "It is a great honour to succeed Merlin as Chairman of Swire Pacific and Swire Properties. The group is facing significant challenges in 2021, but I am confident of its long term prospects. We have a strong balance sheet and an extensive pipeline of investment opportunities in the Chinese mainland, and we intend to deliver on them for our shareholders."