Thursday, October 11, 2012

3 reasons why CapitaLand's CEO shift deserves two thumbs up

Mr Lim Ming Yan will take over as president and CEO starting 1 January.

According to Nomura, post market close on 9 October 2012, CAPL announced the appointment of Mr. Lim Ming Yan as the group’s incoming president and CEO, to take effect from 1 January 2013.

Here's more from Nomura:

We view the announcement of Ming Yan’s appointment as positive on account of the following factors:

Transition process to be completed earlier than expected: the transition date was initially set for 28 June 2013; this means that CAPL’s CEO transition comes about 6 months ahead of schedule.

Ming Yan’s appointment had been widely anticipated by the street and his appointment is likely to have a stabilising effect on the firm.

The incoming CEO appears well suited for the role, in our view. Ming Yan has a strong management track record and in-depth China knowledge, which we think will be a positive for CAPL. The announcement is thus no surprise and is likely to put investors at ease.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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