CapitaLand has announced its wholly-owned serviced residence business unit, The Ascott, has appointed Lee Chee Koon as its chief executive with effect from June 1st 2013. He will succeed Chong Kee Hiong who has resigned to pursue other opportunities. Chong will step down as Ascott’s chief executive and as a non-independent non-executive director from the board of Ascott Residence Trust Management, the chief of Ascott Residence Trust, with effect from June 1st 2013. Lee will take over Chong at the board of ARTML, subject to approval from the Monetary Authority of Singapore. Lim Ming Yan, president and group chief executive of CapitaLand said: “We thank Kee Hiong for his contributions to CapitaLand. “The decision to depart isn’t a very simple one for him and for us but we fully respect...
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