ESR Trust Management, the manager of Suntec REIT, has announced changes to the composition of its board and board committees with effect from Dec 31.
Notably, Chan Pee Teck Peter and Foo Yee Shoon will retire as independent non-executive directors, having reached their nine-year tenure limit. Shen Jinchu and Matthew James Lawson will retire as non-executive directors in alignment with the intended change in ownership of the manager.
Abdul Jabbar Bin Karam Din will be appointed as chairman of the nominating and remuneration committee (NRC) and member of the audit and risk committee (ARC), Anthony Charles Philip Couse as member of the NRC and ARC and David Alasdair William Matheson as member of the NRC.
The board of ESR Trust from Dec 31 will be made up of the following persons: David Alasdair William Matheson, Yap Chee Meng, Anthony Charles Philip Couse, Abdul Jabbar Bin Karam Din, Lock Wai Han and Chong Kee Hiong.
Shares in Suntec REIT closed 1 cent lower or 0.699% down at $1.42 on Dec 30.
