OREANDA-NEWS. April 05, 2013. CLP Holdings announced that Mr. Richard Lancaster will succeed Mr. Andrew Brandler as Chief Executive Officer of the CLP Group in the third quarter of 2013. After having served as Group CEO for over 13 years, Mr. Brandler will be handing over executive responsibilities at the Company in order to take up a position at Sir Elly Kadoorie & Sons Limited, the private office of the Kadoorie Family, the largest shareholder in CLP.

Mr. Lancaster, currently Group Director – Managing Director Hong Kong, has 30 years’ experience in the power industry and in other industrial operations in Australia, UK and Hong Kong. He joined CLP in Hong Kong in 1992 and has been Managing Director of CLP Power Hong Kong Ltd.

Since 2010, in which capacity he has held overall responsibility for the operations of CLP’s core Hong Kong electricity business.

Mr. Lancaster’s expertise and experience gained through his considerable service in a range of senior management positions within CLP Power will ensure the smooth and effective transition of the Company’s executive leadership, following Mr. Brandler’s relinquishment of his executive responsibilities.

Mr. Brandler has been Managing Director and CEO of CLP Group since 2000. He will continue to serve as a non - executive Director on the Board of CLP Holdings and a member of its Finance & General Committee and Sustainability Committee.

Mr. Lancaster will be succeeded by Mr. Paul Poon, currently Chief Operating Officer of CLP Power as Managing Director Hong Kong. Mr. Poon  has held a broad range of senior management positions since joining CLP Power in 1981.

The date of the formal handover of executive responsibilities will be the subject of a subsequent announcement and will take place following the announcement of the Company’s 2013 interim results.