13 Aug '17, 10pm

Smooth transition expected at CDL following CEO’s resignation https://t.co/VISbToxujb

Grant L. Kelley, the CEO of Singapore’s second-largest developer CDL, has resigned after serving more than 3.5 years, citing personal reasons. The announcement was made during CDL’s results briefing last Friday (11 August). Kelley intends to return to Australia to become the new CEO at ASX-listed Vicinity Centres, a real estate investment trust company based in Melbourne. He was credited for helping to accelerate CDL’s diversification strategy launched in 2014. The group has since invested about $3.5 billion in overseas markets and raised more than $3.5 billion in funds under management. SEE ALSO: CDL to benefit from property upcycle, calls for review of QC policy Meanwhile, deputy CEO Sherman Kwek has been promoted to CEO-designate of the company effective 11 August. He will work alongside Kelley, who will remain at CDL until 31 December, before assuming full responsibili...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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