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CapitaLand CEO sets retirement date; Amcorp names managing director its CEO

S&P Global Market Intelligence presents a weekly rundown of recent significant management and board changes and personnel moves in the Asia-Pacific real estate industry. The moves are listed by sector and by announcement date in reverse chronological order. The Europe and North America Hires and Fires columns will be published Wednesday and Thursday, respectively.

Philippines

* IRC Properties Inc. said Marie Kimberlie See stepped down as an independent director and member of its corporate governance committee, effective June 1, with Stephen CuUnjieng named as her replacement.

Malaysia

* Othman Bin Abd Razak resigned June 1 as Tropicana Corp. Bhd.'s chairman and independent nonexecutive director due to personal commitments.

* UEM Sunrise Bhd. independent nonexecutive director Srikandan Kanagainthiram retired May 31. Subimal Sen Gupta, meanwhile, was redesignated to independent nonexecutive director from nonexecutive director, effective June 1.

* Amcorp Properties Bhd. said Managing Director Lee Keen Pong stepped down from his post to become the company's CEO, effective June 1. Shahman Bin Azman also resigned as deputy managing director to take on the role of deputy group CEO.

* Mohammad Bin Maidon joined MKH Bhd.'s remuneration and nomination committees as chairman and member, respectively, effective May 30, the same date Haji Hasan Aziz Bin Mohd Johan became a member of the audit committee.

Australia

* Andrew Konig retired June 1 as Cromwell Property Group's nonexecutive director and also from his directorships at Cromwell Corp. Ltd. and Cromwell Property Securities Ltd.

David Blight was appointed as nonexecutive director of the real estate manager, effective on the same date.

* Christine O'Reilly will join Stockland's board as a director Aug. 23.

Thailand

* Thitima Rungkwansiriroj replaced Methee Vinichbutr as CFO of Singha Estate PCL, effective June 1.

* Sawong Swetwatana resigned as an independent director and member of the audit committee at K.C. Property PCL. The property developer also expanded its board of directors with the addition of Sasiprin Chandratat and Karn Bhoolkesorn.

India

* Harishkumar Balchandra Rajput stepped down as an independent director at Radhe Developers (India) Ltd. due to personal reasons.

* Hotel Leelaventure Ltd. named Saija Nair as an independent director, effective May 30.

* Rainbow Foundations Ltd. said Mukesh Kumar Manilal Mehta stepped down as an independent director May 30.

* Madhuri Gulgulia stepped down May 20 as RDB Realty & Infrastructure Ltd.'s company secretary, and the board named CFO Anil Kumar Apat as compliance officer until the vacated post is filled.

* Ansal Housing and Construction Ltd. said Tarun Kathuria became its new CFO on May 30 after Sanjay Mehta resigned, citing his age and health issues as reasons.

* Shivam Dixit was appointed the new CFO of Raghunath International Ltd. at its May 28 board meeting.

* Mehernosh Kapadia retired as executive director of corporate affairs of Indian Hotels Co. Ltd., effective May 23.

Singapore

* The CFO of Sasseur REIT's manager, Richard Tan Liat Chew, retired June 1, and Deputy CFO Fred Chee Kin Yuen was promoted to fully assume the role. Tan will stay with the manager as an adviser.

* Mapletree Logistics Trust's manager said independent nonexecutive director Tan Ngiap Joo retired from his position and as chairman of the audit and risk committee, effective June 15. Lim Joo Boon was named to take over the chairmanship in the audit and risk committee, effective June 16.

* Lim Ming Yan is retiring as president and group CEO of CapitaLand Ltd. at the end of 2018. The executive said he will work with the board until his retirement to ensure a smooth transition.

* Roxy-Pacific Holdings Ltd. named Tay Kah Poh as a lead independent director, effective June 1, on top of his respective chairmanship and membership roles in the company's nominating and remuneration and audit risk management committees.

* OUE Hospitality Trust Deputy CEO Yi-Chung Chen is taking over as acting CEO of both OUE Hospitality Real Estate Investment Trust's manager and OUE Hospitality Business Trust's trustee-manager July 16 because CEO Chong Kee Hiong will resign from his post and his executive directorship role a day prior to take up other professional interests.

Hong Kong

* Law Sze Lai retired from his directorship at Sinolink Worldwide Holdings Ltd. at the end of the company's May 31 annual general meeting due to a redesignation of positions.

* CK Asset Holdings Ltd. said Yeh Yuan Chang resigned as an independent nonexecutive director June 1 due to his age.

* Chow Wing Sing resigned as the investment and investor relations manager at New Century Real Estate Investment Trust, effective June 1, and subsequently ceased to be a member of its manager's finance and investment committee.

* Chairman Li Chao Bo took over the CEO role at China City Infrastructure Group Ltd. from Wang Wenxia, who stepped down from the position, effective May 31. Wang, who left the company because of his other personal commitments, also gave up his duties as vice chairman, executive director and authorized representative of the company.

In light of Wang's departure, group financial controller and company secretary Chan Hoi Yin Anthony was named the group's authorized representative.

* Nicholas Fenwick was named as Swire Properties Ltd.'s nonexecutive director, effective May 31.

* Independent nonexecutive director Zhang Huaqiao resigned from his position at Wanda Hotel Development Co. Ltd. May 30 to focus on his personal affairs and other business commitments. The executive also relinquished his duties as a member of the audit and remuneration committees.

Japan

* Shigeru Kurihara was appointed as a part-time director of Activia Properties Inc. and Comforia Residential REIT Inc.'s manager, effective June 1, replacing Yasuhiro Kurokawa, who resigned May 31.

China

* Li Yun, Chen De-Qi, Zhang Wen-Lei and Guo Chuan were elected in a May 28 general meeting as executive directors of Beijing North Star Co. Ltd. Wang Jian-Xin and Liu Hui were also voted in as supervisors representing the company's shareholders.

Former executive directors Li Chang-Li, Zhao Hui-Zhi, Liu Jian-Ping and Liu Huan-Bo, meanwhile, retired from their posts.