Change - Announcement Of Appointment Of Mr Tan Choon Siang As Chief Executive Officer And Executive Non-Independent Director
BackMar 17, 2025
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 17, 2025 18:24 |
| Status | New |
| Announcement Sub Title | Appointment of Mr Tan Choon Siang as Chief Executive Officer and Executive Non-Independent Director |
| Announcement Reference | SG250317OTHR9GIW |
| Submitted By (Co./ Ind. Name) | Lee Ju Lin, Audrey |
| Designation | Company Secretary, CapitaLand Integrated Commercial Trust Management Limited |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Tan Choon Siang as Chief Executive Officer, Executive Non-Independent Director and Member of Executive Committee of CapitaLand Integrated Commercial Trust Management Limited. |
| Additional Details | |
| Date Of Appointment | 01/05/2025 |
| Name Of Person | Tan Choon Siang |
| Age | 48 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | Mr Tan Choon Siang was appointed as the Deputy Chief Executive Officer of the Company on 1 February 2025. Mr Tan's appointment as Chief Executive Officer and Executive Director of the Company (the "Appointment") is part of the succession planning and leadership renewal process of the Company. Prior to joining the Company, Mr Tan was the Chief Executive Officer and Executive Director of CapitaLand Malaysia REIT Management Sdn. Bhd., the manager of CapitaLand Malaysia Trust, a real estate investment trust listed on the Main Market of Bursa Malaysia Securities Berhad. He has over 22 years of experience in financial management, investment, corporate finance, treasury and investment banking. The Board of Directors of the Company has reviewed the Appointment as recommended by the Nominating and Remuneration Committee and agreed that he is qualified and has the relevant experience to take on the role as Chief Executive Officer and Executive Non-Independent Director. |
| Whether appointment is executive, and if so, the area of responsibility | The position is executive in nature. Mr Tan will manage all aspects of CapitaLand Integrated Commercial Trust's business. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer, Executive Non-Independent Director and Member of Executive Committee |
| Professional qualifications | Master of Science in Economics from Massachusetts Institute of Technology, United States Bachelor of Science in Economics from Massachusetts Institute of Technology, United States |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | February 2025 to present Deputy Chief Executive Officer, CapitaLand Integrated Commercial Trust Management Limited January 2022 to January 2025 Chief Executive Officer of CapitaLand Malaysia REIT Management Sdn. Bhd. (Manager of CLMT) November 2021 to December 2021 Chief Executive Officer (Designate) of CapitaLand Malaysia REIT Management Sdn. Bhd. (Manager of CLMT) July 2017 to October 2021 Chief Financial Officer of Ascendas Property Fund Trustee Pte. Ltd. (Trustee-Manager of Ascendas India Trust) April 2016 to July 2017 Head of Corporate Finance & Treasury of Ascendas-Singbridge Pte. Ltd. November 2011 to March 2016 Various positions with Genting Singapore Limited, including Vice President of Corporate Finance, Vice President of Investments and Director of Corporate Planning |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | 1. Ascendas Property Fund Trustees Pte. Ltd. (Chief Financial Officer) 2. CapitaLand Malaysia REIT Management Sdn Bhd (Chief Executive Officer (Designate)) 3. CapitaLand Malaysia REIT Management Sdn Bhd (Chief Executive Officer and Director) 4. Malaysian REIT Managers Association (Vice Chairman) |
| Present | Nil |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | Mr Tan will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. |
