The incoming management was "a testament to the bench strength of the Swire Group," outgoing CEO Rupert Hogg said. But direct experience may have been limited. New CEO Augustus Tang left Cathay in 2008, a different era, while new chairman Patrick Healy was from Swire but never worked in Cathay. Succession limits might also be evident at shareholder Swire Pacific, which in January announced its new chairman as Zhang Zhuoping. He left Swire in 2011, having been a GM at its popular Beijing mall and development, Sanlitun. He replaces Ivan Chu, who had constant service to Swire and, prior to being chairman, was CEO of Cathay.