SINGAPORE (June 1): CapitaLand announced on Friday that Lim Ming Yan has given notice to retire as president & group CEO of CapitaLand Group. His last day of service will be Dec 31.

Lim joined the Group in 1996 and would have served for more than 22 years, including six years as President & Group CEO from Jan 1 2013 to Dec 31.

The board of directors of CapitaLand has accepted Lim’s notice of retirement. Lim will remain as president & group CEO until his retirement takes effect and he will be working closely with the Board to achieve a smooth transition. The new CEO will be announced when the appointment is made.

Ng Kee Choe, chairman of CapitaLand, says: “On behalf of the Board, I thank Ming Yan for his many years of dedicated service and contributions to the CapitaLand Group. I wish him every success in his future endeavours.”

Lim says: “I have had the honour and the privilege of working with so many talented and dedicated colleagues at CapitaLand. Together we have accomplished a lot. CapitaLand is well positioned for the next phase of growth and I am committed to working closely with the Board through this transition phase.”