The president and group chief executive of development giant CapitaLand will retire on Dec 31, the company announced yesterday.
Mr Lim Ming Yan, 55, joined the firm in 1996, taking over the two senior roles on Jan 1, 2013.
CapitaLand said: "Mr Lim will remain as president and group CEO until his retirement takes effect and will be working closely with the board to achieve a smooth transition." Mr Lim said: "I have had the honour and the privilege of working with so many talented and dedicated colleagues at CapitaLand. Together we have accomplished a lot. CapitaLand is well positioned for the next phase of growth and I am committed to working closely with the board through this transition phase."
Mr Lim took over as CEO from CapitaLand's founding chief executive, Mr Liew Mun Leong.
Before that appointment he was the firm's chief operating officer from May 2011 to December 2012.
He has also held other senior positions, including CEO of The Ascott and a nine-year stint as CEO of CapitaLand China Holdings, where he played a key role in establishing the group's footprint in China.
Mr Lim graduated from Britain's University of Birmingham with a Bachelor of Science (First Class Honours) in mechanical engineering and economics in 1985. He also attended the Advanced Management Programme at Harvard Business School in 2002.
CapitaLand chairman Ng Kee Choe said: "On behalf of the board, I thank Ming Yan for his many years of dedicated service and contributions to the CapitaLand Group.
"I wish him every success in his future endeavours."