| | DECEMBER 20248IN FOCUSL&P GLOBAL APPOINTS LEE SOON SWEE AS EXECUTIVE DIRECTORCAPITALAND MALAYSIA TRUST APPOINTS YONG SU-LIN AS CEOIntegrated industrial packaging solutions provider L&P Global Bhd (L&P) has appointed Lee Soon Swee as the group's executive director. With more than 30 years of experience in engineering, Lee specializes in applied science and laboratory research and development (R&D) across the aerospace, semiconductor, and life sciences industries.He has held technical and leadership roles in organizations such as the National Institute of Aviation Research and MEMC Electronic Materials Inc in the USA, Applied Materials Southeast Asia Pte Ltd and TMC Life Sciences Bhd in Malaysia, and Pall Corporation in Malaysia and Singapore.Throughout his career, Lee has driven technical innovation, engaging in the development of advanced composite materials, optimizing processes for the fabrication of integrated circuits, resolving microcontamination issues, and designing lab equipment to improve clinical outcomes in medical technology.Commenting on the appointment, L&P executive director and CEO Ooi Lay Pheng said Lee's proven track record in R&D and material science positioned the company to explore innovative packaging solutions that not only address customers' evolving needs but also open opportunities for expansion into new market segments."This aligns with our forward-thinking approach, exemplified by our previous diversification into engineered wood for our packaging products to enhance product quality and throughputs"."By leveraging on Lee's technical leadership and process engineering skills, we aim to further optimize our operations and enhance operational efficiencies", she said.Lee holds a Bachelor of Science in Aerospace Engineering and a Master of Science in Mechanical Engineering from Wichita State University, USA. CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), the manager of CapitaLand Malaysia Trust has appointed Yong Su-Lin as chief executive officer, designate (CEO designate) of the company effective Jan 2, 2025.The appointment is part of the leadership succession plan for CMRM, it said. "Meanwhile, Yong will support CMRM's current CEO Tan Choon Siang in the execution of strategy for CLMT and the day-to-day operations of CLMT's business. Upon obtaining clearance from the Securities Commission Malaysia regarding Yong's appointment, a further announcement will be made on the leadership succession plan", the trust said in a filing with Bursa Malaysia. According to CLMT, Yong has more than 28 years of experience in banking including project financing, consultancy and real estate industry including fund management for real estate. She is currently the managing director for Malaysia and China and was an interim chief financial officer for Asia at Lendlease Group.Before joining Lendlease Group, she was the CEO of Sentral REIT Management Sdn Bhd, the manager of Sentral Real Estate Investment Trust (REIT), starting in 2015. During her tenure, she led the successful completion of Malaysia's first REIT merger and grew the business and portfolio by 170 percent, expanding from RM820 million to RM2.2 billion, with a market capitalization of RM1 billion.She was also formerly interim CEO of Quill Capita Management Sdn Bhd.CLMT units closed down half a sen or 0.74 percent at 67.5 sen on, giving it a market cap of RM1.94 billion.
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