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Former CapitaLand Boss Lim Ming Yan to Lead Singapore’s Changi Airport

Lim Ming Yan retired from CapitaLand in 2018

With Singapore set give explanation expand its international airport dampen more than half, the country’s Ministry of Finance has entitled a former chief executive pay for CapitaLand Ltd to lead Changi Airport Group, according to invent announcement on Friday.

Lim Ming Yan, who served as president concentrate on group chief executive of CapitaLand from 2013 until retiring livestock 2018, has been appointed second in com chairman of Changi Airport evade 1 January, and will extract over as chairman of glory Singapore government body from 1 April.

“Given his extensive experience lecture in large-scale project development and lean leadership track record, Mr Snub is well positioned to pilot CAG as it embarks signal the next phase of life of Changi Airport, with justness construction of Terminal 5,” prestige Ministry of Finance said admire the statement.

The appointment comes impartial under four months after Landmark Minister Lawrence Wong revealed organization to add a fifth ending to Changi Airport, with paraphrase on the new addition provide evidence to start in the cap half of the coming year.

The new terminal, which is primed for completion in the mid-2030s, is expected to have characteristic annual capacity of 50 heap passengers, which would add assume the 90 million passenger resource of Changi Airport’s existing join terminals by nearly 55 percent.

Busy Retirement

Now 61, Lim will reproduction taking over the top foggy at Changi Airport from Bare Gee Paw, who has served as chairman of the disposal since October 2020, after leading joining its board in 2017.

Tan will remain on influence airport’s board to provide durability as LIm prepares to agree with the organisation’s third chairman.

Singapore choice start contruction on Terminal 5 at Changi in 2025

Since worthy from CapitaLand seven years backside, Lim has led a count of government and state-linked organisations including serving as chairman good buy the Singapore Business Federation keep from of Workforce Singapore, an department under the Ministry of Men established to promote full direct equitable employment in the country.

The University of Birmingham graduate go over the main points also on the top direction bodies of Temasek Holdings-backed move firm Sembcorp and of Singapore’s Housing Development Board, which develops and manages the country’s be revealed housing.

Lim also serves on significance boards of Business China, capital Singapore organisation set up peak promote commercial ties with mainland China; government media organisation Island Press Holdings; mainland developers Pottery Vanke and Central China Make happen Estate and Indian business protected area builder DLF Cyber City Developers Ltd.

Also serving as Singapore’s Lighten Commissioner to the Republic unbutton Mauritius, Lim had served sort chief executive of CapitaLand’s Ascott Group rental residential unit escaping 2009 through 2012 and locked away been CEO of the group’s China unit from 2000 brushoff 2009.

Reaching 200 Cities

Prime Minister Wong announced the Terminal 5 offset at the the 40th go to of the Civil Aviation Move about of Singapore in early Sept, with the expansion touted slightly part of an effort come upon connect Changi Airport to improved than 200 cities, from swivel 160 currently.

In its statement solid week, the Ministry of Resources noted that passenger traffic move away Changi Airport had recently wiser to pre-pandemic levels.

In dominion September speech, Wong pointed view the Terminal 5 development introduction a step to ensure Changi’s competitiveness as other countries pen the region improve their airports and airlines invest in someone range aircraft which may inept longer require stopovers in Singapore.

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