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 yesterday, adding that it is evaluating possible candidates to assume the role of CEO of Keppel Land.

Mr Loh said: "Wee Gee played an instrumental role in growing Keppel Land's businesses overseas and developing Keppel Land into the multifaceted 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."

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

"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 Keppel Group last year, Mr Lim was a partner with Bain & Co.