CapitaLand Limited will also be setting up a Group Centre of Excellence (COE) to focus on building capabilities, innovation and setting standards for business sectors and operating platforms that the Group participates in. The focus areas under the Group COE comprise Urban Strategy, Business Communities Development, Retail Innovation, Customer Services & Solutions, Sustainability and Digital & Technology. In line with this new business organization structure, a CapitaLand Executive Committee (CL Exco) is formed to provide strategic business planning, organizational alignment and
implementation.

The company announced that Mr. Jonathan Yap will be appointed as President of CapitaLand Financial to oversee the Group's REITs and business trusts, as well as private and third-party funds. He will also oversee the Group's India business. He is currently the Group Chief Operating Officer and Group Chief Financial Officer of Ascendas-Singbridge. Mr. Andrew Lim will remain as Group Chief Financial Officer. Mr. Tan Seng Chai will be appointed Chief Corporate & People Officer. He is currently Group Chief People Officer. Mr. Kevin Goh will continue as Chief Executive Officer of The Ascott Limited to oversee the growth of CapitaLand's lodging business. Mr. Goh will build on Ascott's strong growth to drive the lodging business arising from the rapid increase of demand from rental accommodations globally. Ms He Jihong will be appointed as Chief Corporate Strategy Officer of CapitaLand Group. She will identify strategic business focus areas and will work closely with businesses in formulating corporate strategies to ensure long-term sustainable business results for the Group. She is currently Chief Investment Officer of Ascendas-Singbridge. Ms Lynette Leong, who is currently Chief Business Innovation Officer, will be appointed as Chief Sustainability Officer as the enlarged Group sharpens its focus on sustainable real estate developments and services. She will be responsible for the Group's sustainability strategy and policies, and integrating them into its business and operations' strategic environmental, social and governance (ESG) efforts at various stakeholder levels. She is currently Chief Business Innovation Officer. All the appointments will be effective from 1 July 2019.