[131113.EN.SEA] Meredith Steps Down as HPH Holdings Boss, Eric Ip Steps Up January 1

HUTCHISON Port Holdings group managing director John Meredith, now in his mid-70s, will step down at the end of December to be succeeded by HPH group managing director Eric Ip, reports London’s Containerisation International.

“Effective January 1, 2014, Mr Eric Ip will succeed John Meredith as HPH group managing director, taking over all of John’s current executive and operating responsibilities,” said the memo to staff from Canning Fok, managing director of Hutchison Whampoa, the parent company.

“John will continue to assist the group in the role of deputy chairman of HPH and as the senior adviser to the HPH Board. In addition, John will undertake specific mandates for HPH in various countries as required from time to time. He will also retain his current public company directorships and certain other group board positions,” the memo said.

Mr Ip is also an executive director of Hutchison Port Holdings Management, the trustee-manager of HPH Trust and chairman of Yantian International Container Terminals.

Hutchison is the biggest container terminal operator in the world with an annual volume of 74.3 million TEU.

Source : HKSG.