The founder of Maxim's Caterers, one of Hong Kong's biggest catering chains, S.T. Wu died peacefully, aged 92, last Sunday at Queen Mary Hospital.
A holder of an honorary doctorate from Tsinghua University in Beijing, Dr Wu was the chairman, managing director and a founder of Hongkong Caterers which owns Maxim's.
Dr Wu founded Maxim's 47 years ago with his brother Jimmy Wu . His grandson, Michael Wu Wai-kuo replaced Dr Wu as the managing director in 2000.
Dr Wu made it clear that his succession would not be a matter of nepotism. Dr Wu described to the Post hiring Michael Wu as a graduate: '[Michael] said: 'What will you pay me?' And I said: 'I'll give you a starting salary of HK$8,000 a month, you must be a trainee for a year and then the company will accept you'.'
Dr Wu remained the honorary chairman until his death.
Hongkong Caterers stated that under Dr Wu's 'visionary leadership', the company had experienced over four decades of continued prosperity and growth.