John Terence Hung, managing director of Wheelock and Co Ltd and executive director of its Wharf (Holdings) Ltd unit, is to retire on 1 February after 34 years with the group. A statement issued by the two companies said that with his departure Hung would also relinquish all his current directorships within the group, including those in i-CABLE Communications Ltd and Joyce Boutique Holdings Ltd in Hong Kong and Marco Polo Developments Ltd in Singapore.