Tan Choon Siang to take over as CEO of CapitaLand Integrated Commercial Trust in 2025
CapitaLand Integrated Commercial Trust (CICT) has announced changes to its board composition, with the appointment of Tan Choon Siang as CEO and current CEO Tony Tan as CCO of CapitaLand Development. According to a bourse filing on March 17, these changes will become effective on May 1.
Tan Choon Siang, who currently serves as the deputy CEO of CICT, will take on the role of CEO and executive non-independent director as of May 1, 2025. He will also be appointed as a member of the executive committee (EC).
In light of these changes, current CEO Tony Tan will no longer hold the position of executive non-independent director and member of the EC. Instead, he will assume the role of chief corporate officer of CapitaLand Development. Tan has been the CEO and executive director of CICT since 2017.
Tan was instrumental in leading the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, which resulted in the creation of CICT, Singapore’s largest listed REIT with a market capitalization of $15.5 billion.
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The newly appointed CEO, Tan Choon Siang, has previously served as the manager of CapitaLand Malaysia Trust since 2022 and as the chief financial officer of the manager of CapitaLand India Trust. He was also the former Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.