Keppel Corporation announces leadership renewal for key business units

Next generation leaders were actively involved in formulating Vision 2030 and will lead the business units in pursuit of the Group’s common vision.

SINGAPORE: Keppel Corporation Limited (Keppel) has announced leadership changes at a few of its key business units, as part of the Group’s succession planning and leadership renewal.

The next generation leaders are part of the team that formulated Keppel’s Vision 20301 and will lead the respective business units as they collaborate in pursuit of the Group’s common vision. All leadership changes will take effect from 15 February 2021.

Mr Loh Chin Hua, CEO of Keppel Corporation, said, “Leadership renewal is key to the long-term success of any company. We have been planning for leadership succession across our business units and grooming the next generation of leaders, including bringing them together to chart Keppel’s Vision 2030. The next generation leaders are ready to take on bigger roles and I am confident that they will bring new ideas and perspectives to our business units and lead them on their growth trajectories in pursuit of Vision 2030.”

Mr Louis Lim, 48, currently Chief Operating Officer of Keppel Land, will succeed Mr Tan Swee Yiow as CEO of Keppel Land. Mr Lim was previously Director of Group Strategy and Development at Keppel Corporation and concurrently Managing Director of Keppel Technology and Innovation.

Before joining the Keppel Group, Mr Lim was a Partner with Bain & Company and had been with the firm for more than 18 years.

Mr Tan Swee Yiow will be appointed Senior Managing Director of Urban Development at Keppel Corporation and will remain on the boards of Keppel Land and Keppel REIT Management.

Ms Cindy Lim, 43, currently Director of Group Corporate Development at Keppel Corporation and concurrently Managing Director of Keppel Urban Solutions, will succeed Dr Ong Tiong Guan as CEO of Keppel Infrastructure.

Ms Lim had previously held a range of leadership positions in Keppel, including Executive Director of Infrastructure Services at Keppel Infrastructure and General Manager of Group Human Resources at Keppel Corporation.

The appointment of a new head of Keppel Urban Solutions will be announced in due course. After more than 20 years of dedicated service, Dr Ong Tiong Guan will retire from the Keppel Group, and will be appointed an adviser.

He will remain on the board of Keppel Infrastructure. Ms Bridget Lee, 49, CEO of Keppel Capital Alternative Asset (KCAA), will be concurrently appointed Chief Operating Officer of Keppel Capital. Ms Lee has more than 20 years of experience in investment, corporate finance and mergers and acquisitions (M&A) in investment companies and financial institutions in Asia and the US.

Before joining the Keppel Group, she spent more than 12 years with Mapletree Investments and Temasek Holdings.

 Mr Ben Lee, 48, President of Keppel Land China, will be concurrently appointed Chief Operating Officer of Keppel Land. Mr Lee has more than 15 years of experience in the real estate industry, especially in China. Before his appointment as President of Keppel Land China, Mr Lee had held various leadership roles in Keppel Land China’s operations, business development and investment functions.

Mr Chua Hsien Yang, 43, currently CEO of Keppel DC REIT Management, will be appointed Director of Group M&A at Keppel Corporation. Mr Chua has extensive experience in the real estate fund management and hospitality industries, including M&A, real estate investments, business development and asset management globally.

He will drive Keppel’s sharpened and more disciplined M&A strategy and refocus the Group’s portfolio on sustainable urbanisation solutions, as part of Vision 2030.

Keppel DC REIT Management has announced that Ms Anthea Lee, 46, currently Deputy CEO and Head of Investment at Keppel DC REIT Management, will take over as CEO, subject to regulatory approval.

They will continue to work with other business leaders who were involved in charting Vision 2030, including Mr Chris Ong, CEO of Keppel Offshore & Marine (Keppel O&M), Mr Kevin Chng, CFO of Keppel O&M and Mr Paul Tham, CEO of Keppel REIT Management, to drive Keppel’s transformation and realise the Company’s vision.

Expressing Keppel’s appreciation for the contributions of business leaders who will be stepping down from their current roles, Mr Loh, who is concurrently the Chairman of Keppel Infrastructure and Keppel Land, said, “I would like to thank colleagues who have contributed to Keppel in different ways, especially TG Ong and Tan Swee Yiow, for their leadership of Keppel Infrastructure and Keppel Land respectively. TG and Swee Yiow will remain on the boards of Keppel Infrastructure, as well as Keppel Land and Keppel REIT Management respectively, thus allowing the management teams to continue benefitting from their experience.“

For more than 20 years, TG has played leading roles in Keppel’s energy and environment businesses. Under his leadership, Keppel Infrastructure has become a growing pillar of recurrent earnings for the Group, while contributing to a more sustainable world with an expanding portfolio of energy and environmental infrastructure solutions. I wish TG a happy retirement and look forward to his continued contribution to Keppel in his new advisory capacity.

“Swee Yiow has led various aspects of Keppel’s urban development and asset management businesses over the past three decades and played a pivotal role in building Keppel Land into the multi-faceted urban development company and leader in sustainability that it is today. As Senior Managing Director of Urban Development, Swee Yiow will help to drive Keppel’s transformation from a conglomerate of distinct parts into one integrated business providing solutions for sustainable urbanisation, focusing on the Urban Development segment.”

www.kepcorp.com

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