The Board of Directors of BOC Aviation Limited announced that Mr. Robert Martin, Chief Executive Officer will retire from his executive role at the Company in accordance with the company's retirement policy on 31 December 2023. Mr. Martin will cease to be an authorised representative ("Authorised Representative") of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 31 December 2023. Mr. Martin will remain a member of the Board notwithstanding his retirement and will, with effect from 1 January 2024, be re-designated as a Non-executive Director and will remain as a member of the Strategy and Budget Committee.
Mr. Martin, aged 58, joined the Company as Deputy Managing Director in January 1998 and was appointed as a Director and the Managing Director in July 1998. He has more than 35 years of experience in the aircraft and leasing business, having previously worked at Bank of America, The Long-Term Credit Bank of Japan and HSBC Investment Bank (Asia) Ltd. Mr. Martin graduated from Cambridge University in the United Kingdom with a Master of Arts degree in Economics. The Board announced that Mr. Steven Townend is appointed as Chief Executive Officer with effect from 1 January 2024.
He is currently the Deputy Managing Director and Chief Financial Officer and will step down from his current role with effect from 31 December 2023. Mr. Townend will remain as a member of senior management in his new role. Mr. Townend will be appointed as a member of the Strategy and Budget Committee and an Authorised Representative with effect from 1 January 2024.
Mr. Townend, aged 54, joined the Company in January 2001 and was appointed as Chief Commercial Officer in July 2004. He was appointed to the additional role of Deputy Managing Director in 2006. Mr. Townend assumed the role of Chief Financial Officer in October 2020.
Mr. Townend has more than 30 years of banking and leasing experience. He graduated from Loughborough University in the United Kingdom with a Bachelor of Science (Honours) degree in Banking and Finance. In accordance with the Company's Constitution, Mr. Townend will hold office as a Director until the annual general meeting to be held in 2024 and will be subject to retirement by rotation and re-election in accordance with the Company's Constitution and the Listing Rules.