Hutchison Port Holdings Trust's trustee-manager names new chief executive

HUTCHISON Port Holdings Trust's (HPHT) trustee-manager on Monday said chief executive Lam Hing Man will step down from the position starting June 25 due to health reasons.

Succeeding him is Ivor Chow, director of corporate finance, treasury and risk management within the Hutchison Port Holdings group. He has been an executive of the trustee-manager since 2011, providing ad hoc advice on HPHT's efficiency projects.

He was the chief financial officer of the trustee-manager from February 2011 to April 2016.

"The board of the trustee-manager wishes to express its sincere gratitude to Mr Lam for his valuable contribution to HPHT during his tenure as CEO of the trustee-manager," the trustee-manager said in a bourse filing.

HPHT's counter was trading flat at 23.5 US cents as at 11.05am on Monday.