THE head of investment of Mapletree Logistics Trust’s : M44U 0% (MLT) manager, Jean Kam Sok Kam, will replace Ng Kiat as the chief executive officer (CEO) and executive director of the real estate investment trust’s (Reit) manager from Jul 22, 2024.
In an announcement on Friday (May 24), the trust’s manager said that Ng, 55, will resign and be transferred to Mapletree Investments, the Reit’s sponsor, “to assume new responsibilities”. She has been CEO since July 2012.
On Kam’s appointment, the trust’s board said that it accepted the recommendation of the nominating and remuneration committee. The board took into consideration Kam’s work experience and qualifications, and was of the opinion that she is suitable for the roles of CEO and executive director.
In her current appointment, Kam, 50, is responsible for sourcing and evaluating acquisition opportunities for the Reit manager.
As the head of asset management from August 2018 to February 2021, she oversaw the operational and asset performance of MLT’s portfolio of properties across the eight geographic markets in Asia-Pacific. Prior to this period, Kam served as a general manager in MLT from June 2014 to July 2018.
Before she joined the manager in September 2007, Kam worked at JTC Corporation where she was involved in the development, marketing and lease management of JTC’s industrial facilities for a decade.
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“These changes in key management personnel are part of succession planning for the manager, and would further enhance the depth of its management bench capabilities,” said the manager.
MLT dropped 0.7 per cent or S$0.01 to close at S$1.37 on Friday before the announcement.
