Change - Announcement Of Cessation Of Mr Tan Tee Hieong As Chief Executive Officer And Executive Non-Independent Director
BackMar 17, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Mar 17, 2025 18:25 |
| Status | New |
| Announcement Sub Title | Cessation of Mr Tan Tee Hieong as Chief Executive Officer and Executive Non-Independent Director |
| Announcement Reference | SG250317OTHRLMJO |
| 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) | Cessation of Mr Tan Tee Hieong as Chief Executive Officer, Executive Non-Independent Director and member of the Executive Committee of CapitaLand Integrated Commercial Trust Management Limited. |
| Additional Details | |
| Name Of Person | Tan Tee Hieong |
| Age | 57 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 01/05/2025 |
| Detailed Reason (s) for cessation | As part of the succession planning and leadership renewal process of CapitaLand Integrated Commercial Trust Management Limited ("CICTML"), Mr Tan will relinquish his role as Chief Executive Officer, Executive Non-Independent Director and member of the Executive Committee of CICTML. Mr Tan will be appointed Chief Corporate Officer, CapitaLand Development with effect from 1 May 2025. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 01/05/2017 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 6 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 0 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer, Executive Non-Independent Director and Member of Executive Committee |
| Role and responsibilities | Mr Tan is responsible for managing all aspects of CapitaLand Integrated Commercial Trust's operational performance and business growth. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | 1,531,502 units in CapitaLand Integrated Commercial Trust (direct interest) |
| Past (for the last 5 years) | Please refer to the attached Appendix A |
| Present | Please refer to the attached Appendix A |
Attachments
- Appendix A (Size: 26,325 bytes)
