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Dr Catherine Wu resigns; CDL CEO can ‘no longer’ make corp governance allegations and justify board coup: Kwek Leng Beng

Felicia Tan
Felicia Tan • 4 min read
Dr Catherine Wu resigns; CDL CEO can ‘no longer’ make corp governance allegations and justify board coup: Kwek Leng Beng
With Dr Wu’s resignation, the elder Kwek said that it was “high time” that the group “restore investor confidence” and ensure that the breaches by his son and his team of directors "will never happen again". Photo: Samuel Isaac Chua/The Edge Singapore
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City Developments Limited (SGX:C09) 's (CDL) executive chairman Kwek Leng Beng has announced the "irrevocable resignation" of Dr Catherine Wu as an "unpaid independent advisor" on March 4. This comes just days after the elder Kwek issued his statement in responseto his son Sherman's claims regarding the remarks of the court.

According to Leng Beng's latest statement, Dr Wu stepped down from her position - a post she held since August 2024 - "with immediate effect". Before that, Dr Wu was a director of the board of directors of Millennium & Copthorne Hotels (M&C) between June 2022 and January 2024.

"During her tenure at M&C, Dr Wu contributed well in many of M&C's achievements. We are grateful to Dr Wu for her service over the years and wish her well in her future endeavours," says the elder Kwek.

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