CapitaLand unveils senior executive promotions

The firm also set up a new executive committee that will be helmed by group CEO Lee Chee Koon

CapitaLand will set up a new executive committee to elevate building capabilities and operating platforms, following the acquisition of Ascendas-Singbridge’s shares from Temasek Holdings.

The newly created Group Centre of Excellence (COE) will focus on urban strategy, business communities development, retail innovation, customer services & solutions, sustainability and digital & technology and will be led by group CEO Lee Chee Koon.

Manohar Khiatani, current deputy group CEO of Ascendas-Singbridge, has been assigned as senior executive director, assisting Koon in matters relating to organisation integration and India business parks businesses. He will also oversee the group COEs for business communities development and customer services & solutions.

Jason Leow has been appointed as president for Singapore & International, who will oversee the business and growth of CapitaLand Group in Singapore as well as the group COE for retail innovation.

As for their China business, Lucas Loh will be president for CapitaLand China.

Jonathan Yap, who’s currently the group COO and CFO of Ascendas-Singbridge, will become the president for CapitaLand Financial to oversee the Group’s REITs and business trusts, as well as private and third-party funds. He will be in charge of the group’s India business as well.

Tan Seng Chai, the firm’s CPO, has been named as chief corporate & people officer.

He Jihong, the CIO of Ascendas-Singbridge, will be the group’s chief corporate strategy officer of CapitaLand Group, identifying strategic business focus areas and working closely with businesses in formulating corporate strategies to ensure long-term sustainable business results for the company.

Lynette Leong, who is currently chief business innovation officer, will be appointed as chief sustainability officer as the group sharpens its focus on sustainable real estate developments and services.

Furthermore, Wen Khai Meng, the senior advisor for group strategy, will also become a member of CL Exco.

Andrew Lim will remain as group CFO, and Kevin Goh will continue as CEO of The Ascott Limited.

All of the appointments will kick into effect on 1 July.

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