Hong Kong Exchanges and Clearing (0388) announced Charles Li Xiaojia will retire early from his role as the chief executive on December 31, 2020, ten months earlier than scheduled, and will take up the role of senior advisor for 6 months, continuing to provide guidance, and ensuring a smooth transition.
Calvin Tai, co-president and chief operating officer, will be appointed as interim chief executive and ex-officio member of the board, starting from January 1, following Li’s retirement.
Tai joined the HKEX in July 1998. The Board is confident that, under Tai’s leadership, HKEX will continue to successfully deliver upon its business objectives as set out in the 2019-2021 strategic plan, and that its operations will continue to benefit from strong oversight and execution, the company said.
As set out in the announcement dated May 7, 2020, a selection committee, led by HKEX chairman, Laura Cha Shih May-lung, with HKEX Directors, Apurv Bagri, Benjamin Hung and Rafael Gil-Tienda, has been formed to conduct a formal search process for a new HKEX chief executive. Considerable progress has been made and an announcement will be made in due course, HKEX said.
Hong Kong Exchanges and Clearing (0388) announced Charles Li Xiaojia will retire early from his role as the chief executive on December 31, 2020.
