Capitaland Integrated Commercial Trust Appoints New Ceo May 1

CapitaLand Integrated Commercial Trust (CICT) has recently announced changes in its board structure with the appointment of Tan Choon Siang as the new CEO, while current CEO Tony Tan will take on the role of CCO at CapitaLand Development. These changes were disclosed in a bourse filing on March 17.

Effective from May 1, 2025, Tan Choon Siang, who is currently the deputy CEO, will become the CEO and executive non-independent director of CICT. He will also be appointed as a member of the executive committee (EC).

On the other hand, current CEO Tony Tan will relinquish his position as an executive non-independent director at CICT, as well as his membership in the EC. Instead, he will take on the role of chief corporate officer at CapitaLand Development. Tan has been the CEO and executive director of CICT since 2017.

Under Tan’s leadership, CICT successfully completed the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, creating the largest listed REIT in Singapore with a market capitalization of $15.5 billion.

The incoming CEO, Tan Choon Siang, has an extensive background in the real estate industry. He previously served as the manager of CapitaLand Malaysia Trust from 2022, and as the chief financial officer of the manager of CapitaLand India Trust. He was also the Head of Corporate Finance & Treasury at Ascendas-Singbridge before their merger with CapitaLand in 2019.

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