The Business Times

FLCT’s Robert Wallace to stay on until Aug 1

Raphael Lim

Raphael Lim

Published Tue, May 9, 2023 · 08:01 PM
    • FLCT’s manager said in a bourse filing on Tuesday (May 9) that Robert Wallace would extend the effective date of his cessation as CEO from June 1 to Aug 1.
    • FLCT’s manager said in a bourse filing on Tuesday (May 9) that Robert Wallace would extend the effective date of his cessation as CEO from June 1 to Aug 1. PHOTO: BT FILE

    THE chief executive officer (CEO) of the manager of Frasers Logistics & Commercial Trust (FLCT) will be staying on for an additional two months as a successor is being recruited.

    FLCT’s manager said in a bourse filing on Tuesday (May 9) that it has mutually agreed with Robert Wallace to extend the effective date of his cessation as CEO from June 1 to Aug 1.

    The Reit manager had announced in Feb that he was stepping down as CEO for family reasons, with a succcessor to be announced in due course.

    It said on Tueseday that it is in “an advanced stage of the process of recruiting Mr Wallace’s successor”.

    FLCT units closed at S$1.31 on Tuesday, down 2.2 per cent.

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