CapitaLand China Trust manager names Gerry Chan as CEO
He will also join the executive committee as an executive non-independent director
Add BT as a preferred source
THE manager of CapitaLand China Trust (CLCT) has appointed Gerry Chan as its CEO and an executive non-independent director with effect from Jan 1, 2025.
The 48-year-old was appointed as deputy CEO on Sep 1. In a bourse filing on Friday (Dec 6), the manger said Chan’s latest appointment is part of its regular succession and leadership renewal process.
Chan will succeed Tan Tze Wooi, who will be redesignated as a non-executive non-independent director. Tan will also continue as a member of the manager’s executive committee and assume another senior management role at CapitaLand Investment, said the manager.
Units of CLCT closed at S$0.715 on Friday, down 0.7 per cent or S$0.005, before the news.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
