18 December 2003
CEO's Contract Extended
 
The Managing Board of the Kowloon-Canton Railway Corporation (KCRC) has extended the current contract of the Chief Executive Officer, Mr K Y Yeung, to 31 December, 2003.
Prior approval for the extension has been given by the Chief Executive in accordance with the Kowloon-Canton Railway Ordinance.
Mr Yeung’s contract was originally due to expire on 23 December, 2003.
The extension is to enable Mr Yeung, who has been closely involved in both the planning and construction phases of West Rail, to continue to oversee the railway’s commissioning and initial operations.
Mr Samuel Lai, Senior Director, Finance and Management, will take over from Mr Yeung as Acting Chief Executive Officer on 1 January, 2004.
On the same day, Mr K K Lee, currently Director, East Rail Extensions, will take over from Mr James Blake as Acting Senior Director, Capital Projects.