Guocoland Limited has announced the appointment of Sim Chee Wah as its new Group Chief Financial Officer (CFO).

Sim replaces former Group CFO Michael Lim Yoke Tuan, who resigned on July 14 to “pursue other career opportunities,” according to the company. 

Lim was appointed in August 2018, and served for two years in the position. 

Before joining Guocoland, Sim was Deputy Chief Executive Officer and Head of Investor Relations at Singhaiyi Group, and brings with him 25 years of accounting, finance and management experience. 

He will be responsible for all financial matters, including financial reporting, taxation, risk management and treasury functions of the GuocoLand Group. 

Shares of Guocoland closed at $1.39 on August 11, down three cents or 2.1% lower than its previous close of $1.42.