SINGAPORE Business Federation (SBF) chairman Lim Ming Yan will take over as chairman of Changi Airport Group (CAG) on Apr 1, 2025, the Ministry of Finance (MOF) announced on Friday (Dec 27).
In the interim, Lim, 61, will assume the role of CAG deputy chairman on Jan 1, 2025.
Currently serving his third two-year term as SBF chairman, Lim also chairs The Esplanade Co and is a board director of Enterprise Singapore.
He holds independent non-executive directorships at Sembcorp Industries, DLF Cyber City Developers, and China Vanke. Additionally, he is Singapore’s non-resident High Commissioner to Mauritius.
Lim’s previous leadership roles include being chairman of Workforce Singapore, director of the Housing and Development Board, and president and group chief executive officer of CapitaLand from 2013 to 2018.
He led The Ascott as CEO from 2009 to 2012, and served as CEO of CapitaLand China from 2000 to 2009.
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Said MOF: “Given his extensive experience in large-scale project development and strong leadership track record, Lim is well-positioned to lead CAG as it embarks on the next phase of growth of Changi Airport, with the construction of Terminal 5.”
Outgoing chairman Tan Gee Paw, 81, who joined CAG’s board in 2017 and became chairman in 2020, will remain on the board as a director to support the transition.
Tan’s leadership helped CAG navigate the challenges of the Covid-19 pandemic while maintaining Changi Airport’s position as a global aviation hub, MOF noted.
During his tenure, CAG invested in infrastructure upgrades, including the rejuvenation of Terminal 2, which expanded the airport’s capacity to 90 million passengers annually.
Tan also oversaw investments in technology such as robotics and automation to enhance operations and manpower efficiency.
Changi Airport is on track to fully recover by 2025, with recent passenger traffic nearing pre-pandemic levels and connectivity reinstated to about 160 cities served by over 100 airlines, MOF added.