Jardine Matheson has appointed Lincoln Pan as its new CEO with effect from Dec 1, 2025, following the retirement of current CEO John Witt at the end of November.
Pan joins the company from PAG, the largest fully diversified alternative investment business in the Asia Pacific where he is a partner and co-head of private equity, and a member of the group executive committee.
He was previously the CEO, Greater China at Willis Towers Watsons, and served in executive roles at Advantage Partners and GE Capital.
Witt joined the board of Jardine Matheson Holdingsin 2016 and was its group finance director from 2016 to 2020. He has been with the Jardine Matheson Group since 1993. He was appointed chairman of the group last April, and will continue to serve as chairman of Hongkong Land.
Ben Keswick, executive chairman of Jardine Matheson, says that Jardines has changed a lot since the holding company structure was simplified into a more “efficient and investor friendly group”.
“We have been on an ongoing transition away from our historical owner-operator model, towards becoming an engaged investor with a sharpened focus on generating superior, long-term returns for shareholders,” he adds.
Pan has held directorships in Cushman & Wakefield, and Regional Express Holdings Limited in the past five years.
Shares in Jardine Matheson closed US$1 higher or 2.24% up at US$45.60 on May 29.
