31 March 2003
Designation of Mr Samuel Lai as future Acting CEO of KCRC
 
The Kowloon-Canton Railway Corporation (KCRC) announced today that Mr Samuel Lai Man Hay, Senior Director, Finance and Management, has been designated as Acting Chief Executive Officer.
Mr Lai will take over as Acting Chief Executive Officer in late October 2003 when the current Chief Executive Officer, Mr K Y Yeung, proceeds on end-of-contract leave.
"Mr Lai will gradually take over from Mr Yeung the day-to-day running of the Corporation," a KCRC spokesman said.
"Mr Yeung will focus his attention on preparations for the launching of West Rail, targeted for September this year.
"These arrangements will facilitate a smooth and seamless transition when Mr Yeung retires from the Corporation after seven years’ service."
The duties of Mr Lai’s current position, as Senior Director, Finance and Management, will be discharged by a General Manager who will be appointed Acting Director, Finance and Management.
 
Curriculum Vitae of Mr Samuel M H Lai
Age 53. Mr Lai was born in Hong Kong and is married with two children.
Mr Lai obtained his Bachelor of Science degree at Columbia University, New York in 1973, and Master of Business Administration degree at the New York University, New York in 1977. He is a Certified General Accountant of Canada.
Mr Lai joined Kowloon-Canton Railway Corporation in 1983 and had been in various positions, including Finance Director; Director, East Rail; and Senior Director, Finance and Management. Prior to joining KCRC, Mr Lai had worked in ITT Asia Pacific Inc. and Neptunia Corporation Ltd. in Hong Kong, and United Nations Children’s Fund in New York.
Mr Lai is a member of the Hong Kong Management Association’s Membership Committee since 1994. He was a member of the Corruption Prevention Advisory Committee of Independent Commission Against Corruption (1994 – 1999), the Accountancy Training Board of Vocational Training Council (1993 – 1997) and the Board of Directors of Pok Oi Hospital (1999 - 2001).
 
Mr Samuel Lai KCRC Acting Chief Executive Officer (Designate)