Richard Magnus to succeed Danny Teoh as chairman of CMTML

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.