The Hong Kong Jockey Club (HKJC) has named Philip Chen as the Club’s new Chairman after being elected by the stewards’ board of the firm.
Chen will take over from Dr Anthony Chow, who stepped down as a steward from the HKJC after 18 years, two of whom were as chairman.
Chen has been a HKJC member since 1987, and has been a member of the vote since 2003. He is currently a Hang Lung Properties Non-Executive Director.
In addition to Chen’s appointment, the board announced the election of Michael T H Lee as the new Deputy Chairman. Lee has been a member of the Club since 1989, a member of voting since 2001, and currently serves as the Director of Oxer Holdings Ltd.
As for the chairmanship, Chen said: “It is an immense honour and privilege for me to take up this new role. Our past Chairmen, Stewards, Voting Members and Management have built a strong foundation for the Club over the decades. In particular, I would like to thank my predecessor, Dr Anthony Chow, who has contributed so much to the Club and to the community it serves.
“The Club has a well-established and highly effective integrated business model, which has enabled us to achieve world-class racing, provide substantial tax and charity support, and deepen our engagement with the community.
“Certainly in these challenging times the Club will do everything it can to support the betterment of our society, which is, and always will be, our purpose.”