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Former CapitaLand CEO appointed SPH independent director

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Former CapitaLand CEO Lim Ming Yan has been appointed an independent director of Singapore Press Holdings.

FORMER CapitaLand group chief executive officer Lim Ming Yan has been appointed an independent director to the board of Singapore Press Holdings (SPH), which publishes The Business Times, with effect from June 3.

He will also be appointed a member of the Nominating and Remuneration Committees.

Mr Lim, 56, spent 22 years with CapitaLand, last serving as president and group CEO from 2013 to 2018. As the CEO of CapitaLand China from 2000 to 2009, he grew the company into the largest foreign real estate player in China. He was CEO of The Ascott group from 2010 to 2018, during which time its portfolio grew from some 25,000 serviced residence units to more than 100,000.

Among Mr Lim's current appointments, he is chairman of Workforce Singapore, a member of the Future Economy Council and co-chairman of its built environment sub-committee, a board director of Business China, and a board director of Singapore Tourism Board.

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SPH chairman Lee Boon Yang welcomed Mr Lim onboard, saying: "He is a seasoned and progressive business leader with many years of experience and multiple achievements in the property sector. Not only is he a real estate veteran, he is also known for embracing digitisation in empowering businesses. He will be a great asset to the board as we work with management to seize opportunities to transform and grow SPH's businesses."

Mr Lim said: "SPH is a respected media organisation. Not only has it embarked on the transformation of its media business, it has also made big strides into other businesses in Singapore and beyond. This is an exciting time for SPH, and I am honoured to be joining its Board. I look forward to working with the rest of the SPH Board to contribute to the company's business strategy and success."