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Frasers Property’s emerging markets chief to take on additional role of Thailand CEO

Frasers Property’s emerging markets chief to take on additional role of Thailand CEO

By Kim Browne

Culture

Lim Hua Tiong is set to replace Thanapol Sirithanachai, who will continue to serve on the board

Frasers Property’s emerging markets chief executive Lim Hua Tiong will take on the additional role of helming its Thailand unit from Oct 1.

He will replace Thanapol Sirithanachai, who will step down from the role, but will continue to serve on the board of Frasers Property Thailand.

Sirithanachai, also known as “Woody”, was appointed CEO of Frasers Property Thailand in June 2020. Prior to joining the group, he was the president of Thai property development company Golden Land Property Development.

Frasers Property called the move a “strategic leadership transition” that reflects the “continued growth and maturity of its business in the market”.

“This change marks an important step in strengthening leadership alignment,” it added in a bourse filing on Wednesday (Sep 10).

Group CEO Panote Sirivadhanabhakdi thanked Sirithanachai for his leadership and contributions to Frasers Property Thailand.

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The scheme will require approvals from a majority of stapled securityholders whose collective holdings of stapled securities represent a minimum of 75% of the value of all stapled securities.

“I am confident that under Hua Tiong’s leadership, we will continue to build on this strong foundation and unlock new opportunities for growth,” he added.

Frasers Property closed S$0.01 or 1 per cent higher at S$1.05 on Wednesday, before the announcement.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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