Following his retirement, Lim will be re-designated as a non-executive director of the company with effect from Jan 1, 2023. As a non-executive director, Lim will be entitled to an annual director’s fee with effect from Jan 1, 2023, to be approved by the shareholders of the company in the 2023 annual general meeting.
Shangri-La Asia, which has a secondary listing on the Singapore Exchange (SGX), announced that its CEO and executive director, Lim Beng Chee, intends to retire and will step down from his roles on Dec 31.
Lim will also step down from his role as a member of the executive committee of the board.
