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.