Keppel Land CEO Ang Wee Gee to step down at year end; search for new CEO has begun

Ang Wee Gee, CEO of Keppel Land.
Ang Wee Gee, CEO of Keppel Land. PHOTO: KEPPEL LAND

SINGAPORE - Property veteran Ang Wee Gee is leaving Keppel Land after more than 26 years of service.

Mr Ang, 55, will vacate his post as chief executive officer on Dec 31 to pursue other interests.

Keppel Corporation CEO Loh Chin Hua, 56, who is concurrently chairman of Keppel Land, will assume the role of executive chairman of Keppel Land with effect from Jan 1, the mainboard-listed company said in a statement on Sept 3, adding that it is currently evaluating possible candidates to assume the role of CEO of Keppel Land.

"Wee Gee played an instrumental role in growing Keppel Land's businesses overseas and developing Keppel Land into the multi-faceted property player that it is today, with a strong presence in many key cities in Asia. We wish Wee Gee success in his future endeavours," said Mr Loh.

"I have had the privilege of being in Keppel Land for more than 26 years, with the last five years as its CEO," said Mr Ang.

"I thought this was a good time for me to step down to pursue other interests, confident that the strong management team that is now in place at Keppel Land can take the company to greater heights."

Mr Louis Lim, 45, director (group strategy and development) at Keppel Corp, will be appointed chief operating officer of Keppel Land with effect from Jan 1.

Prior to joining the Keppel Group in 2016, Mr Lim was a partner with Bain & Co.