Governance

Mr Richard Lancaster is Chief Executive Officer of CLP Holdings, the parent company of the CLP Group which is one of the largest investor operators in the electricity industry throughout the Asia-Pacific region.

Mr Lancaster has more than 35 years of experience in the power industry and in other industrial operations in Asia, Australia and the United Kingdom. Prior to assuming his current role in September 2013, he was Managing Director of CLP’s operations in Hong Kong, responsible for its electricity generation, transmission and distribution business serving 2.5 million customers in Hong Kong. Mr Lancaster joined CLP in 1992 and has held a wide range of managerial positions within the company. His experience covers project management, power plant operations, commercial, finance, legal and corporate functions.

Besides serving in various subsidiary companies of the CLP Group as Director, Mr Lancaster is the Chairman of the Business Environment Council and a founding member of the Advisory Council of The Australian Chamber of Commerce Hong Kong & Macau. He is a Fellow of the Hong Kong Management Association and a council member of the World Business Council for Sustainable Development and a member of its Climate and Energy Cluster Board. He is also chairman of the Hong Kong Membership Committee of the UN-accredited World Energy Council.

Originally from Australia, Mr. Lancaster is an electrical engineering graduate of UNSW Sydney.

Professor John Chai of Fook Tin Group Holdings Limited, is a distinguished scholar and dental specialist. Prior to joining the Fook Tin Group, Professor Chai was a full time professor at Northwestern University. He is presently a Professor Emeritus of Northwestern University, and an Honorary Clinical Professor of the Faculty of Dentistry, University of Hong Kong. Having a close affinity with Hong Kong University of Science and Technology, Professor Chai is the Vice Chairman of University Council. He is also a member of the Chief Executive’s Council of Advisers on Innovation and Strategic Development, HKSAR, and was Immediate Past Chairman of Business Environment Council Limited. Professor Chai has been keen to take up public duties covering higher education, innovation and technology, environmental protection and sustainable development of Hong Kong.