CAPITALAND Mall Trust Management Limited (CMTML), the manager of CapitaLand Mall Trust (CMT), announced on Friday that Danny Teoh Leong Kay will retire as chairman of the board and non-executive independent director from May 1. He will also step down as chairman of the corporate disclosure committee and as a member of the investment committee.
Richard R Magnus, who is currently a non-executive independent director of CMTML, will succeed Mr Teoh as chairman of the board and chairman of the corporate disclosure committee from May 1. Mr Magnus was a senior district judge from 1998 to 2008.
Arthur Lang Tao Yih, the group chief financial officer of CapitaLand, also joins the board of CMTML. He will be a non-executive non-independent director from May 1 and serve as a member of the audit committee and the executive committee.