Another senior CapitaLand executive resigns

Another long-serving senior CapitaLand executive has resigned, worsening an exodus that has already seen the departure of its deputy chief executive and the head of shopping malls.

“Wong Heang Fine, CEO, CapitaLand Singapore (Residential), will be leaving the organisation at the end of October 2014 to pursue other professional interests,” CapitaLand Group CEO Lim Ming Yan said in a statement early Friday morning (Oct 17) in response to a query from Channel NewsAsia. “We thank Heang Fine for his contributions to the group and wish him all the best in his future endeavours.”

Mr Wong, a former President of the Real Estate Developers’ Association of Singapore (REDAS), joined CapitaLand in 2006 from SembCorp Engineers and Constructors where he was President and CEO.

Mr Wen Khai Meng, the CEO of CapitaLand Singapore, will assume Mr Wong’s duties and responsibilities.

CapitaLand announced the resignation of Mr Lim Beng Chee, Chief Executive Officer of CapitaMalls Asia, on Sep 1. In June, Deputy CEO Olivier Lim quit after more than 10 years with the property group.

Source : Channel NewsAsia – 17 Oct 2014

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