HONG KONG -- Michael Kadoorie, the 82-year-old chairman of the company that runs the luxury Peninsula Hotels chain, said Wednesday that he plans to stay on for the foreseeable future, while the group seeks a successor to its retiring chief executive who is almost 20 years his junior.
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Hong Kong hotelier Kadoorie to stay on 'as long as' health permits
82-year-old chair of Peninsula chain and power utility unfazed by succession talk
The Peninsula Hotel in Hong Kong was once occupied by the Japanese military -- one of many disruptions the group has weathered through its history. © (AFP/Jiji)
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