Link Real Estate Investment Trust (0823) has asked its group chief investment officer John Saunders, and group chief financial officer Ng Kok Siong, to shoulder the responsibility of chief executive of the Asian largest real estate trust during the transition period, as the current group CEO George Hongchoy Kwok-lung was scheduled to retire by the end of this year.
Saunders will become the executive director and a member of the finance and investment committee, while Ng will be appointed as an authorised representative of the company to replace Hongchoy after his retirement, according to an exchange filing.
Saunders and Ng will form an interim leadership structure to cover the responsibilities of the CEO, reporting to Link’s chairman Duncan Gareth Owen and the board.
The company also said it continued to progress a comprehensive process to identify the next CEO.
