CapitaLand’s chairman to retire from posts in April

Property group CapitaLand said its chairman and non-executive director Dr Hu Tsu Tau is retiring from his posts on April 30.

Mr Ng Kee Choe, an independent and non-executive director of the company, will succeed Dr Hu as chairman of the board and its investment committee.

He is currently a member of CapitaLand’s Executive Resource and Compensation Committee, Investment Committee, Nominating Committee, and Finance and Budget Committee.

Mr Ng has been an independent and non-executive director of the company since April 16, 2010.

CapitaLand also said that Mr Richard Hale and Dr Fu Yuning will also be retiring from the board as Independent Non-Executive Directors effective from April 30, 2012.

Mr Liew Mun Leong, president and CEO of CapitaLand, said under Dr Hu’s sterling chairmanship the “group has consistently delivered profit after tax exceeding S$1 billion for the sixth consecutive year in FY 2011.”

Source : Channel NewsAsia – 16 Feb 2012

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