Tan Swee Yiow to succeed Penny Goh as Keppel Reit Management chairman

LONGTIME Keppel executive Tan Swee Yiow will assume chairmanship of Keppel Reit Management from June 1, taking over from Penny Goh, who retires on May 31, the company said in a statement on Friday (Apr 8). Tan, who is a non-executive director of Keppel Reit's manager and Keppel Land, is also senior managing director of urban development at Keppel Corp. A veteran with Keppel Group for over 30 years, he was chief executive of Keppel Land from 2019 to 2021. He was also the first chief executive of Keppel Reit's manager from 2006 to 2009, and again from 2017 to 2018.

Tan is also a director of the World Green Building Council Board and an honorary advisor of the Singapore Green Building Council. He also serves as deputy chairman of the construction and landscape committee of the Workplace Safety and Health Council, and is the first vice-president on the management committee of Real Estate Developers' Association of Singapore (Redas).

In the Friday statement, he said Keppel Reit had delivered strong results amid challenging market conditions under Goh's leadership and deepened its commitment to sustainability. Goh has served on the board of Keppel Reit's manager since October 2016, and has been its chairman since April 2017.

Tan said of his new role: "I am very honoured to be appointed chairman of the board, and look forward to working with fellow directors, management and other stakeholders to continue creating long-term value for all unitholders."

Units of Keppel Reit closed at S$1.22 on Friday, down 1.6 per cent.