HKBN's New Era: Bradley Jay Horwitz Retires, Cordelia Chung Takes the Helm

HKBN Ltd., a leading Hong Kong-based broadband provider, has announced a significant change in its leadership with the retirement of Bradley Jay Horwitz, the former Board Chairman, and the appointment of Cordelia Chung as his successor. This transition marks a new era for HKBN, with Chung's extensive background in telecommunications and corporate governance poised to drive the company's strategic direction and long-term growth prospects.

Horwitz's retirement comes after a distinguished career at HKBN, where he oversaw various acquisitions and expansions. His departure signals a shift in the company's leadership, but the appointment of Chung as the new Board Chairman indicates a commitment to maintaining HKBN's growth trajectory. Chung's experience in the telecommunications industry and her role in driving HKBN's strategic initiatives, such as the Co-Ownership Plan III Plus (CO3+), demonstrate her ability to lead the company through the complex landscape of Hong Kong's broadband market.

Chung's appointment is expected to bring a fresh perspective and enhanced corporate governance to HKBN. As a seasoned professional with over 20 years of experience in the telecommunications sector, she is well-positioned to drive strategic decision-making and improve HKBN's competitive position. Her expertise in navigating complex industry dynamics and her commitment to long-term value creation will be invaluable in evaluating potential takeover bids from I Squared Capital and China Mobile, ensuring HKBN's best interests are served.



Chung's appointment aligns with HKBN's Co-Ownership Plan, which encourages employee engagement and alignment with the company's long-term goals. The CO3+ plan, which saw 871 Co-Owners invest HK$290 million, demonstrates HKBN's commitment to fostering a collaborative and inclusive decision-making process. This approach is expected to strengthen HKBN's corporate governance and enhance shareholder value.

The change in leadership at HKBN may influence ongoing negotiations with potential acquirers like I Squared Capital and China Mobile. Chung's background in telecommunications and her role as a Co-Owner in HKBN's Co-Ownership Plan could bring a fresh perspective to negotiations, potentially aligning better with the company's long-term strategy and employee interests. However, the impact on negotiations will depend on Chung's approach to the acquisition process and her ability to maintain a balance between shareholder value and employee alignment.

In conclusion, the retirement of Bradley Jay Horwitz and the appointment of Cordelia Chung as the new Board Chairman of HKBN signal a new era for the company. Chung's extensive background in telecommunications and corporate governance equips her to navigate the complex landscape of Hong Kong's broadband market and drive HKBN's strategic direction. Her commitment to long-term value creation and employee engagement is expected to foster a more inclusive and collaborative decision-making process, ultimately strengthening HKBN's corporate governance and enhancing shareholder value. As HKBN faces potential takeover bids, Chung's leadership will be crucial in evaluating these proposals and ensuring the company's best interests are served.