CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board with the appointment of Tan Choon Siang as the new CEO, effective May 1, 2025. Tan, who is currently the deputy CEO, will also be appointed as an executive non-independent director of the company and a member of the executive committee (EC).
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Current CEO Tony Tan will step down as an executive non-independent director and EC member, and will take on the role of chief corporate officer at CapitaLand Development. Tan joined CICT in 2017 and played a key role in the successful merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, creating Singapore’s largest listed REIT with a market capitalization of $15.5 billion.
Incoming CEO Tan brings a wealth of experience to his new role, having previously served as the manager of CapitaLand Malaysia Trust and the chief financial officer of CapitaLand India Trust’s manager. He was also the Head of Corporate Finance & Treasury at Ascendas-Singbridge before its merger with CapitaLand in 2019.
The changes to CICT’s board are expected to further strengthen the company’s leadership and position it for continued growth and success. The appointment of Tan Choon Siang as CEO reflects CICT’s commitment to developing and nurturing talent within the company. With his extensive experience and strong track record, Tan is well-equipped to lead CICT into the future.