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Change - Announcement Of Resignation Of Deputy Chief Executive Officer
BackApr 30, 2025
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Apr 30, 2025 18:12 |
| Status | New |
| Announcement Sub Title | Resignation of Deputy Chief Executive Officer |
| Announcement Reference | SG250430OTHRY1MC |
| Submitted By (Co./ Ind. Name) | Adrian Chui |
| Designation | CEO & Executive Director |
| Description (Please provide a detailed description of the event in the box below) | Resignation of Deputy Chief Executive Officer |
| Additional Details | |
| Name Of Person | Karen Lee Kiah Ling |
| Age | 51 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 30/04/2025 |
| Detailed Reason (s) for cessation | Ms Karen Lee Kiah Ling ("Ms Karen Lee") has resigned from her role as Deputy Chief Executive Officer ("Deputy CEO") to pursue personal interests. The Board expresses its gratitude and appreciation to Ms Karen Lee for her valuable contributions to the Manager and ESR-REIT during her tenure of dedicated services. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 12/05/2022 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 5 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 1 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Deputy Chief Executive Officer |
| Role and responsibilities | As Deputy CEO, Ms Karen Lee is responsible for assisting the CEO to execute the REIT's strategic plan and directly oversees the Asset Management team, Investment team and Property Management team managing the portfolio of the REIT. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| Past (for the last 5 years) | - LOGOS Property Management Pte. Ltd. - 2TPC Pte. Ltd. - ARA LOGOS Logistics Trust Management Limited - ALOG Singapore One Pte. Ltd. - ESR-REIT SPV2 Pte. Ltd. - ESR-REIT MTN Pte. Ltd. - ALOG (Australia) Pte. Ltd. - ALOG TSA Pte. Ltd. - ESR-REIT INV Pte. Ltd. - ESR-REIT INV2 Pte. Ltd. - ESR-REIT INV3 Pte. Ltd. - LSLV Project 5 Pte. Ltd. - Tuas South Avenue Pte. Ltd. |
| Present | BBR Holdings (S) Ltd (Independent Non-Executive Director) |