HONG KONG -- The operator of the luxury Peninsula Hotels chain has switched its CEO for the first time in over two decades and shuffled its top management, offering glimpses of its succession plan. Michael Kadoorie, the 83-year-old chairman and third-generation scion, nevertheless said on Wednesday that he is eager to stay on for now.
Companies
Peninsula Hotels' 83-year-old chairman stays on as son takes No. 2 post
Myanmar's 'destructive' politics keep Yangon project frozen, Michael Kadoorie says
Michael Kadoorie, chairman of the group behind the luxury Peninsula Hotels, speaks to reporters in Hong Kong on May 7. (Photo by Suzu Takahashi)
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