Lily Ler to step down as CEO of Mapletree Industrial Trust manager
Anand Chandran, currently head of Asia-Pacific data centres at Mapletree Investments, will succeed her
[SINGAPORE] The chief executive of Mapletree Industrial Trust Management, Lily Ler, is stepping down from her position to become group chief financial officer of Mapletree Investments, the trust’s sponsor.
She will vacate her roles as CEO and executive director on Oct 1, the manager said in a bourse filing on Friday (Aug 21).
Anand Tze Ming Chandran, currently head of Asia-Pacific data centres at Mapletree Investments, will succeed Ler as CEO and executive director of the trust’s manager.
His appointments will be effective from Oct 1 as well, subject to regulatory approval.
Chandran joined the sponsor in February after serving as CFO of K2 Strategic, the Kuok Group’s digital infrastructure platform. He has more than 16 years of experience across corporate finance, investment banking and digital infrastructure.
He holds degrees from the London School of Economics and Political Science, University of Oxford, as well as Singapore Management University.
Detailed disclosures regarding the management changes will be released separately, the manager of Mapletree Industrial Trust said.
The trust’s units closed at S$1.92 on Friday, up 0.5 per cent or S$0.01, before the news.
