Singapore's CapitaLand makes key management changes, appoints deputy CEO
SINGAPORE Jan 3 (Reuters) - Southeast Asia's largest property developer, CapitaLand Ltd, overhauled its top management on Thursday as part of a reorganisation of its business units.
CapitaLand has now organised its businesses into four main areas - CapitaLand Singapore, CapitaLand China, CapitaMalls Asia and The Ascott Ltd. Lim Ming Yan will remain as CapitaLand's president and group chief executive officer.
With the reorganisation, current group chief investment officer Olivier Lim will now be the group deputy chief executive officer of CapitaLand.
"The changes will significantly simplify the organisational structure to provide greater clarity and sharper focus for CapitaLand," Group CEO Lim said in a statement.
Tan Seng Chai, currently the deputy chief corporate officer, will be appointed as group chief corporate officer while Arthur Lang will continue in his role as group chief financial officer.
CapitaLand Singapore, which comprises both the residential and commercial property businesses in Singapore, will be headed by Wen Khai Meng, who will relinquish his role as CEO of CapitaLand Financial Ltd. Wong Heang Fine, CEO, CapitaLand Residential Singapore will report to Wen.
(Reporting by Charmian Kok; Editing by Matt Driskill)
- Special Report: Thailand secretly supplies Myanmar refugees to trafficking rings |
- NSA gathers data on cellphone locations globally: report
- The 10 Most Corrupt and Least Corrupt Countries in the World
- Dementia epidemic looms with 135 million sufferers seen by 2050
- Obama says he's not allowed iPhone for 'security reasons'