Keppel Corporation appoints CEO-Designate Loh Chin Hua to its Board
The Board of Directors of Keppel Corporation Limited (Keppel Corporation) announces that CEO-designate, Mr Loh Chin Hua, will be appointed as an executive director to the Board with effect from 1 January 2014, when the current CEO, Mr Choo Chiau Beng retires, the company said in its press release.
With effect from the same date, Mr Loh will also succeed Mr Choo as Chairman on the Boards of the Group's key listed and non-listed subsidiaries, namely Keppel Land Limited, Keppel Offshore & Marine Ltd and Keppel Infrastructure Holdings Pte Ltd.
Dr Lee Boon Yang, Chairman of the Keppel Corporation said, "On behalf of the Board of Keppel Corporation, I would like to extend our deep gratitude and appreciation to Chiau Beng for his invaluable contribution and unwavering service. In his 42-year career with the Keppel Group, Chiau Beng has served as a director on the Board of Keppel Corporation for 30 years.
"Indeed, Chiau Beng has played an important role in laying firm foundations upon which the Group can continue to grow and create value sustainably for its stakeholders. The directors and I are pleased to welcome his successor Chin Hua to Keppel Corporation's Board as we work together with the Management to steer the Group forward."
Mr Loh Chin Hua, CEO-Designate of Keppel Corporation said, "I would like to thank Chiau Beng for his guidance, as well as the Boards of the respective Keppel companies for their confidence and support. With Chiau Beng remaining as a Senior Advisor to Keppel Corporation's Board, the management team and I will continue to benefit from his rich experience and strong global relationships."
Mr Loh, 52, has been with the Keppel Group for 11 years and possesses over 25 years of experience in real estate investing and fund management spanning the US, Europe and Asia. He was appointed as Keppel Corporation's CFO in January 2012 and then CEO-Designate in July 2013, and has been supporting the CEO in strategic business planning, major investment initiatives and decisions, financing strategy as well as investor relations.
Prior to this, Mr Loh was MD of Keppel Land's real estate fund management arm, Alpha Investment Partners (Alpha), which he had founded in 2003. Under his leadership, Alpha has grown its assets under management to about S$10.5 billion today. Prior to Alpha, Mr Loh was MD at Prudential Investment Management Inc, and held several senior appointments in the Government of Singapore Investment Corporation.
Mr Loh is currently the Chairman of Alpha Investment Partners Limited (Alpha), Keppel Land's real estate fund management arm. He also holds directorships in several Keppel companies including Keppel Offshore & Marine Ltd, Keppel Land Limited, Keppel REIT Management Limited, Keppel Infrastructure Holdings Pte Ltd and Keppel Telecommunications & Transportation Ltd, as well as various fund companies and subsidiaries.
