CapitaLand appoints group CIO Lee Chee Koon as new president and group CEO

CapitaLand’s current group CIO Lee Chee Koon will succeed president and CEO Lim Ming Yan as the top leader of the firm, an announcement revealed.

Lee joined the company in February 2007 and has held several appointments, including as CEO of Ascott.

“Ming Yan has built a strong foundation for expansion. I will build upon it to bring CapitaLand forward and to achieve greater returns to shareholders,” the incoming CEO said.

His predecessor, Lim Ming Yan, will retire as president and group CEO on 15 September. He will remain as a non-independent director until 31 December.

“I am delighted to be handing over the reins to an executive of his (Lee) calibre,” Lim said. “This new cohort of top leadership was primed and groomed for many years, and I am proud to see them rising to the challenge.”

Aside from Lee, Jason Leow Juan Thong and Lucas Loh Jen Yuh have been appointed as the group’s president for Asia & Retail, and as the president of China & Investment Management, respectively.

Serving the group as its chief operating officer since 1998, Leow has been on board the firm since 1994. Meanwhile, Loh is presently the China CEO for nearly four years and had been with CapitaLand since 2004.

“Chee Koon, Jason and Lucas are key members of the management team and have been instrumental in developing and executing the Group’s growth strategy,” CapitaLand chairman Ng Kee Choe said.