Swire Announces Senior Management Changes

Swire announced today senior management changes in the Group.

Martin Murray, Chief Financial Officer of Cathay Pacific Airways Limited, will become Finance Director of Swire Pacific Limited on 1^st April 2021, taking over from Michelle Low, who will retire from the Swire Group after 33 years of service.

Rebecca Sharpe, Group Director Finance of Hong Kong Aircraft Engineering Company Limited, will succeed Martin Murray as Chief Financial Officer of Cathay Pacific Airways Limited on 25^th January 2021.

Merlin Swire, Chairman of Swire Pacific Limited said, "I would like to thank Michelle for her outstanding service to the Swire Group throughout her 33-year career. Her loyalty, commitment and dedication to the Group has been exemplary. Michelle's expert financial management has contributed significantly to Swire Pacific's strong balance sheet and liquidity position, enabling us to execute our long-term investment plans despite market volatility. I wish her all the best in her retirement.

"I am also delighted to welcome Martin Murray as Swire Pacific's new Finance Director. His extensive experience in leading the financial operations of several Swire Group businesses will be of great value as we navigate through the current economic challenges and position Swire Pacific for future growth and development."

Patrick Healy, Chairman of Cathay Pacific Airways Limited, commented, "I would like to thank Martin for nine years of outstanding service as Chief Financial Officer of Cathay Pacific, and to recognise the leading role he played in the airline's recapitalisation earlier this year in the face of an unprecedented downturn in the global aviation industry. At the same time, I am delighted to welcome Rebecca, as she takes over as Chief Financial Officer at Cathay Pacific. Rebecca brings with her a wealth of experience and financial expertise from a range of Swire companies and a variety of different industries. I look forward to working closely with Rebecca as we seek to emerge from the current crisis with a stronger and more competitive business model for the Cathay Pacific Group."

Martin Murray
Martin Murray, aged 53, has been Chief Financial Officer (formerly Finance Director) and a Director of Cathay Pacific Airways Limited since November 2011. He was previously Deputy Finance Director of Swire Pacific. He joined the Swire Group in 1995 and has worked with the Group in Hong Kong, the United States, Singapore and Australia.

Rebecca Sharpe
Rebecca Sharpe, aged 49, has been a Director and Group Director Finance of Hong Kong Aircraft Engineering Company Limited since October 2017. She was previously Finance Director of The China Navigation Company Pte. Limited. She joined the Swire Group in 2008 and has worked with the Group in Hong Kong, the Chinese mainland and Singapore.