MTR Corporation Limited announced that Mr. Herbert Hui Leung-wah, currently the Finance Director of the Company, has informed the Company that he will retire from the Company upon completion of his existing service agreement with the Company immediately after 31 December 2023. Accordingly, with effect from 1 January 2024, Mr. Hui will cease to be the Finance Director and a Member of the Executive Directorate of the Company. Mr. Hui rejoined the Company in June 2016.
The Company further announced that Mr. Michael George Fitzgerald will be appointed as the Finance Director of the Company with effect from 1 January 2024. He will also become a Member of the Executive Directorate of the Company with effect from the same date. To facilitate a smooth transition, Mr. Fitzgerald will join the Company on 19 September 2023 as the Finance Director - Designate.
Mr. Fitzgerald will be responsible for the financial management of the Company's affairs, including financial planning and control, budgeting, accounting and reporting, and corporate finance. He will also lead the treasury and investor relations functions of the Company. Mr. Fitzgerald will directly report to the Chief Executive Officer of the Company.
Mr. Fitzgerald (aged 50) has extensive corporate finance and investment banking experience. He started his career at KPMG in London in 1995 and worked for Société Générale from 1999 to 2014, holding various posts in London, Hong Kong and Paris. Mr. Fitzgerald joined the Orient Overseas (International) Limited (`OOIL') group in 2014 as the Group Finance Director.
As at the date of this announcement, Mr. Fitzgerald is the Deputy Chief Financial Officer and a member of the Compliance Committee of OOIL, and a director and a member of the Executive Committee of Orient Overseas Container Line Limited, the main operating company of the OOIL group. Mr. Fitzgerald holds both Bachelor and Master degrees from the University of Oxford, and is a Fellow of the Institute of Chartered Accountants in England and Wales.
