Property developer CapitaLand has appointed Mr Lim Ming Yan to be the new President and Chief Executive Officer (CEO) of CapitaLand Group, taking over the post from Mr Liew Mun Leong effective 1 January 2013.
Mr Lim, who has been the Chief Operating Officer (COO) of CapitaLand since 6 May 2011, will also be appointed as Director of CapitaLand on the same date.
“The Board unanimously chose Ming Yan after an extensive search where both internal and external candidates were reviewed. A tested and proven member of CapitaLand’s management team for more than a decade, Ming Yan will provide continuity and leadership to advance the Group’s business and growth,” commented Mr Ng Kee Choe, Chairman of CapitaLand Board.
Meanwhile, the board thanked Mun Leong “for leading the Group for the last 16 years since taking over the helm at Pidemco Land which later merged with DBS Land to form CapitaLand in 2000. He has nurtured and led CapitaLand to become one of the largest real estate group in Asia. “
Liew Mun Leong commented, “I am glad to hand over the baton to Ming Yan who has a proven track record of delivering stellar results in China and Ascott. I am pleased that my successor is a member of our management team who has come through our succession planning and leadership development process.”
Meanwhile, Lim Ming Yan said, “It has been deeply satisfying to work alongside capable and talented colleagues. I am honoured to succeed Mr Liew. He is a highly respected founding CEO of CapitaLand and has led the company to much success over the years. Together with a strong management team and continued guidance from the Board of directors, we will build on the foundation that Mr Liew has laid for the Group’s sustainable long term growth.”
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