Former Ascott’s CEO to be appointed President & Group CEO of Ascott’s parent company, CapitaLand.
The appointment will take effect from 15 September 2018.
Mr Lee Chee Koon is currently the Group Chief Investment Officer of CapitaLand. He joined the company in February 2007 and has held several appointments within the Group, including as Chief Executive Officer of The Ascott Limited (Ascott), CapitaLand’s wholly-owned serviced residence business. Mr Lee brings a wealth of experience in operational strategy, corporate business development and a strong track record in developing partnerships. Over a four-year period from 2013, he successfully led Ascott’s recovery in profits, significantly grew its revenues and oversaw its unprecedented expansion.
Mr Lee said: “I am deeply honoured to have this opportunity to lead CapitaLand in its next phase of growth. Ming Yan has built a strong foundation for expansion. I will build upon it to bring CapitaLand forward and to achieve greater returns to shareholders. I look forward to working with a very experienced Board and our dedicated colleagues at CapitaLand to shape a greater future for the Group.”
