CLP eyes stronger China Southern Power ties

CLP sees changes at the helm, having struck a new partnership with China Southern Power Grid.
CLP's original head office in Argyle Street, Kowloon, circa 1940.
CLP's original head office in Argyle Street, Kowloon, circa 1940.

Hong Kong utility CLP Holdings, controlled by Kadoorie family, has a long history in the former British colony, with humble beginnings providing street lighting in Kowloon. But recently the blue-chip firm has seen changes at its helm as it begins a new chapter in its partnership with state-owned China Southern Power Grid and strives to turn its Australian business around.

Richard Lancaster, previously managing director of CLP's Hong Kong subsidiary CLP Power, became the parent group's chief executive officer in September after Andrew Brandler stepped down to join the Kadoorie family office. CLP's former chief financial officer Mark Takahashi also retired in January to be replaced by Geert...

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