Walder to be MTR CEO

This from Investegate...

MTR Corporation has announced that, with effect from 1 January 2012, Mr. Jay Herbert Walder will be appointed as Chief Executive Officer for an initial term of thirty months.

He will become both a Member of the Executive Directorate and join the Board of Directors with effect from that date. To ensure a smooth transition, Mr. Walder will become CEO Designate at the beginning of November.

The current CEO, Mr. Chow Chung-kong, will retire from his position at the end of the year.