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Ascendas-Singbridge CEO to join A-Reit board in reshuffle
A BOARD reshuffle at industrial landlord Ascendas Real Estate Investment Trust (A-Reit) will see the head honcho of urban solutions provider Ascendas-Singbridge coming onboard as vice-chairman.
Miguel Ko, group chief executive officer of Ascendas-Singbridge, will be appointed a non-executive director on A-Reit's board on Jan 1, the Reit said in a press release on Wednesday morning.
Mr Ko will also be vice-chairman of the board, chairman of the investment committee and a member of the nominating, human resources and remuneration committee.
He will take over these three roles from Manohar Khiatani, who will relinquish them but remain a member of the investment committee. Mr Khiatani will also continue to sit on the operational risk management committee.
Another board member Teo Eng Cheong, who will become CEO (International) of Surbana Jurong on Jan 1, will be redesignated from independent director to non-executive director with effect from that date, A-Reit said. Mr Teo, who was formerly CEO of trade agency IE Singapore, will also step down from the investment committee on Jan 1 but remain part of the audit committee.
After the various board changes, A-Reit's board will have 10 members, of which six, including chairman Koh Soo Keong, will be independent directors.