Monday, 6 February 2012
All Change on the Buses
Or is it? Not so long after Sir Sze Yuen Chung, nonagenarian chairman of Transport International, the company which operates the Kowloon Motor Bus Company (1933) Limited – better known to you and me as KMB (or "KGB", if spellcheck had its way) – announced he'd be standing down this year, ex Managing Director of the same company, John Chan, has been redesignated an Independent Non-executive Director. (Since his retirement a few years back, Chan has been on the Board as a Non-executive Director.)
So, does this all mean that the ex-Jockey Club chairman and government stalwart is set to take over the job of steering the board through these troubled times? At 68, he may be considered a bit of a spring chicken compared with the 94-year-old he’s replacing, but desperate times (KMB announced a loss in the first half of 2011) call for desperate measures.