MTR Hires New York Transport Boss Walder as Chief Executive
This article is for subscribers only.
MTR Corp., Hong Kong’s urban rail operator, hired Jay Walder, chairman of New York’s Metropolitan Transportation Authority, as its new chief executive officer.
Walder, 52, will join MTR as CEO-designate on Nov. 1 and head the company on Jan. 1, according to a Hong Kong stock exchange filing today. MTR, 76.7 percent owned by the government, will pay him HK$7.2 million ($924,000) a year, an undisclosed discretionary bonus and interest in shares.