Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it
HIEW Yoon Khong has been group chief executive officer of Temasek’s wholly owned Mapletree Investments for over 22 years – a tenure at the top which far exceeds that of DBS’ much-lauded Piyush Gupta, who left his post in late March.
Hiew, who is in his sixties, likely still has plenty in his tank to continue leading the global real estate group. Still, being at the helm for well over two decades is a long time. Is change overdue?
Mapletree’s board will need to ensure orderly CEO succession when that happens. While the group has senior leaders in their mid-fifties or younger who are plausible successors or can hire an outsider, there are big shoes to fill.
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