Global Logistic's co-founder Jeffrey Schwartz dies

Singapore

JEFFREY H Schwartz, co-founder and deputy chairman of mainboard-listed Global Logistic Properties (GLP), died on Wednesday, aged 55, the company announced on Thursday.

A note published on GLP's website on Nov 4 said that Mr Schwartz, who was chairman of the executive committee, had decided to take time off to focus on health-related issues but would continue to be involved in strategic decisions.

"His vision was key in making GLP the company that it is today. I am honoured to continue his legacy," GLP co-founder and CEO Ming Z Mei said in the Thursday announcement, adding: "He will…