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Peter Lim's representatives appointed to Valencia's new board at EGM
SEVEN Asians, including a Member of Parliament, have been appointed to the board of Spanish football club, Valencia CF, at an extraordinary general meeting on Dec 1, 2014, following the completion of the club's sale to Singapore businessman Peter Lim.
Chan Lay Hoon, who oversees Mr Lim's multi-billion investment portfolio and philanthropic work, has been appointed the club's president, making her the first female head in Valencia's 95-year history. Ms Chan is also the executive chairman of Thomson Medical Pte Ltd in Singapore.
Ng Ser Miang, chairman of the International Olympic Committee's Finance Commission and Singapore's ambassador to Norway, has also been appointed one of its directors and the president of the board of trustees of Valencia CF Foundation.
The other directors are Alvin Yeo, senior partner of WongPartnership and a MP for Chua Chu Kang GRC in Singapore; Chie Foo Chiang, chairman of Singapore Central Provident Fund and chairman of Rowsley Ltd; Raymond Cheah, chief operating officer, commercial, of UEM Sunrise Berhad; Koh Kim Huat, former CEO of Rowsley Ltd; Chang See Hiang, senior partner of Chang See Hiang & Partners; and Manuel Peris, CEO of DAS Audio, a US company which manufactures technologically advanced sound systems.
Amadeo Salvo, the former president of the board and strong supporter of Mr Lim's takeover bid, has been appointed the executive president of Valencia, and a director on the new board.
The board is expected to provide the strategic directions for the club, while the executive leadership will manage the day-to-day running of the club, according to the club's press release.
A new advisory committee, comprising five former directors, has been set up to advise the board on local cultural and social norms, fan engagement matters, as well as working with the authorities and government agencies.
Mr Lim became the new owner of Valencia after buying 70.4 per cent of the shares owned by the club's foundation this year.