Far East Orchard Group CEO Lucas Chow to retire

Far East Orchard will soon have a new man at the helm.

The property firm announced on Wednesday that Group CEO and Managing Director Lucas Chow will retire on September 1, 2014.

Mr Chow, who is 61 years old, will be succeeded by Mr Lui Chong Chee, who has extensive financial and management leadership experience from major listed companies, including Raffles Medical Group and CapitaLand Group.

Mr Chow has been a Director of Far East Orchard since June 1, 2008.

He was appointed Chief Executive Officer and Managing Director on March 15, 2012, and subsequently re-designated as Group Chief Executive Officer and Managing Director on July 12, 2012.

In a statement on Wednesday, Far East Orchard said that during his tenure, Mr Chow had played a pivotal role as the group transformed itself into a major regional hospitality and property company.

Source : Channel NewsAsia – 18 Jun 2014