The manager of ESR-LOGOS REIT has appointed Karen Lee as the deputy CEO of the manager.
Lee was previously CEO of the manager of ARA Logos Logistics Trust (ALOG), which has been merged with the former ESR-REIT.
Lee held the position of CEO of ALOG’s manager from June 2020 to May this year.
At the same time, the manager of ESR-LOGOS REIT made several changes to its board and management.
This includes the appointment of ESR chairman Jeffrey Perlman as the chairman of the executive committee of the ESR-LOGOS manager.
Other appointments to the board of the manager include Trent Iliffe, who will be joining as non-executive director. Iliffe, who is presently the managing director and co-CEO of LOGOS property group, will also be a member of the executive committee.
See also: CICT's manager proposes to acquire ION Orchard at $1.85 billion, subject to EGM
Independent chairperson of the board, Stefanie Yuen Thio, will be appointed as a member of the nominating and remuneration committee (NRC).
Nagaraj Sivaram has joined the board as an independent non-executive director and is a member of the audit, risk management and compliance committee (ARCC). His appointment was effective on June 3. Sivaram was previously an assurance partner at Ernst & Young LLP and retired from his role on June 30, 2019, after 35 years with the firm.
Ooi Eng Peng, non-executive deputy chairman, will be stepping down from the board and the various sub-committees after almost 10 years of service.
See also: CICT's manager proposes to acquire ION Orchard at $1.85 billion, subject to EGM
“We are excited to welcome Trent and Raj to the board. Trent has a highly accomplished and lauded career in real estate investment and management while Raj brings with him a storied track record in audit assurance especially in the real estate and REIT sector,” says Adrian Chui, CEO of the manager.
“With their combined experience, ESR-LOGOS REIT will stand to gain from their expertise, network and leadership as we continue to capture value opportunities and deliver long-term growth to our unitholders,” he adds.
“On behalf of the board and management, we would like to extend our heartfelt appreciation to Mr Ooi for his significant contributions, commitment and guidance to the management team. Mr Ooi has played an instrumental role in steering ESR-LOGOS REIT to greater heights. With the new board appointments and changes to the sub-committees, we look forward to invaluable contributions from the board and the management team as ESR-LOGOS REIT propels to the next stage of growth,” he continues.
Units in ESR-LOGOS REIT closed flat at 40.5 cents on June 30.
