Saturday, March 2, 2013

CMA's Liew Mun Leong retiring


Succeeding him will be Ng Kee Choe, chairman & independent non-exec director at CapitaLand

The Business Times  |   MARCH 02, 2013

Former CapitaLand chief Liew Mun Leong will retire as chairman and non-executive director of CapitaMalls Asia (CMA) at the company's annual general meeting (AGM) on April 24, paving the way for his planned departure from the property giant in June this year.

Following his retirement, Mr Liew will also cease to serve as chairman of CMA's corporate disclosure committee and investment committee, as well as a member of the executive resource and compensation committee and nominating committee, the company said yesterday.

"On behalf of the board members and management, I wish to express our deepest appreciation to Mr Liew for more than eight years of visionary leadership at the helm of the board, which has taken the company from strength to strength," said Lim Beng Chee, chief executive officer of CMA.

During Mr Liew's tenure as chairman, CMA was listed in Singapore in 2009, with a secondary listing in Hong Kong two years later. It also sponsored the listing of CapitaRetail China Trust in 2006 and that of CapitaMalls Malaysia Trust in 2010. It currently has 102 malls in 52 cities, in Singapore, China, Malaysia, Japan and India.

Mr Lim hailed Mr Liew as "a leader in the shopping mall industry in the region".

Succeeding Mr Liew as chairman of CMA will be Ng Kee Choe, chairman and an independent non-executive director at CapitaLand. He was appointed a non-executive director of CMA yesterday, and will take over after the AGM.

Mr Ng is chairman of SP AusNet and NTUC Income Insurance Co-Operative, among other leadership positions.

Lim Ming Yan, who took over as president and group chief executive of CapitaLand from Mr Liew on Jan 1, will become chairman of CMA's corporate disclosure committee and investment committee, as well as a member of the executive resource and compensation committee and nominating committee. This will take place after the AGM as well.

Also announced yesterday was the planned retirement of another board member, independent non-executive director Yap Chee Keong. After the AGM, Mr Yap will also relinquish his roles as chairman of the audit committee, and a member of the finance and budget committee.

Bob Tan Beng Hai, who was appointed yesterday as an independent non-executive director and a member of the audit committee and the finance and budget committee, will take over from Mr Yap as chairman of the audit committee. Mr Tan is currently chairman of the Institute of Technical Education and a director at SMRT Corporation and SBF Holdings.


Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)
Email: marshe_inc@yahoo.com.sg


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