CICT appoints two new independent directors including Singtel's Jeann Low

THE manager of CapitaLand Integrated Commercial Trust C38U : C38U 0%(CICT) on Monday announced it was appointing two non-executive independent directors (IDs) with immediate effect.

One of them is Jeann Low, who recently retired as Singapore Telecommunications' (Singtel) group chief corporate officer in April 2021 before taking on a senior advisory role at the telco. She holds 9,416 units in CICT.

Ms Low was formerly group chief financial officer of Singtel from September 2008 to April 2015 before she was appointed as the group's chief corporate officer.

Her credentials include a Bachelor of Accountancy (Hons) from the National University of Singapore. She is also a fellow member of the Institute of Singapore Chartered Accountants.

The other newly appointed ID of CICT's manager is SQL View founder Stephen Lim, who is the document management company's chief executive officer and managing director.

Mr Lim has no shareholdings in CICT and its subsidiaries. He obtained his Bachelor of Science in Electrical and Electronics Engineering from the University of Birmingham, and also holds a Master in Business Administration and Management from Imperial College London.

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In its filing prior to the market open, CICT's manager said it was confident that Ms Low and Mr Lim "will be able to contribute to the deliberations of (its board)".

This is considering Ms Low's experience in accounting and finance, mergers and acquisitions, and leadership and governance; as well as Mr Lim's experience and credentials in technology, management, and leadership, it said.

Both Ms Low and Mr Lim have had no prior experience in being a director of an issuer listed on the Singapore Exchange, and will be training on the roles and responsibilities of their new directorship roles.

Units of CICT closed S$0.03 or 1.4 per cent lower at S$2.14 on Friday.

READ MORE: Singtel reorganises structure to capture new digital growth