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CapitaLand Integrated Commercial Trust (CICT) announced changes to its board on March 17, appointing Tan Choon Siang as the new CEO and transitioning current CEO Tony Tan to the role of CCO at CapitaLand Development.
Tan Choon Siang, currently the deputy CEO of CICT, will take on the role of CEO and executive non-independent director effective May 1, 2025. He will also join the company’s executive committee (EC).
Meanwhile, Tony Tan will step down as an executive non-independent director and member of the EC, and take on the position of chief corporate officer at CapitaLand Development. Tan has been serving as CICT’s CEO and executive director since 2017.
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Under Tan’s leadership, CICT oversaw the successful merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, creating Singapore’s largest listed REIT with a market capitalization of $15.5 billion.
The incoming CEO, Tan Choon Siang, previously managed CapitaLand Malaysia Trust since 2022 and served as the chief financial officer for CapitaLand India Trust. He also held the position of Head of Corporate Finance & Treasury at Ascendas-Singbridge, which merged with CapitaLand in 2019.