Frasers Property Limited announced key organisational changes, which will be effective 1 February 2024. The new organisational structure will see four key Group executive leadership roles reporting to the Group CEO. These roles will report to the Group CEO to drive the global strategic direction, as well as to enable synergies and governance across the Group.

Mr. Anthony Boyd, Chief Executive Officer of Frasers Property Australia will be appointed to a newly created Group Chief Operating Officer role. In his new role, Mr. Boyd will work closely with the global executive leadership team to execute the Group strategy. He will directly oversee the following key strategic areas for the Group - Group Digital & Technology, Group Investments, Frasers Property Capital, Group Strategic Communications and Branding and Group Procurement and Supply Chain.

Mr. Boyd will also support the Group CEO in aligning strategic programmes including building its asset class Centres of Excellence and driving operational synergies and efficiencies across the Group. He is currently based out of Sydney. Ms Zheng Wanshi will be appointed to an evolved and expanded role from Group Chief Strategy & Planning Officer to Group Chief Strategy & Sustainability Officer.

Under the guidance of the Board, Ms Zheng will be working closely with Group functions and the business units to integrate risk management and sustainability with the overall Group strategy and to operationalise these across all areas of business. She will also oversee Group Legal & Corporate Secretariat and Group Data Protection functions as part of her broader focus on Group governance. Ms Vicki Ng will step up into the role of Group Chief People Officer.

The business units' structure which clusters the businesses into core focus areas by geography and global asset class, will see six business unit leaders reporting directly to the Group CEO, instead of eight. Emerging Markets, Asia - Mr. Lim Hua Tiong, Chief Executive Officer for Frasers Property Vietnam and One Bangkok, will take on an expanded new role as Chief Executive Officer, Emerging Markets, Asia. In this role, Mr. Lim will be tasked to build upon and create synergies across Thailand, Vietnam and China as key emerging markets of opportunities and potential for Frasers Property.

With One Bangkok, the largest holistically integrated district in the heart of Bangkok slated to open later this year, Mr. Lim will also review the strategy to create and leverage on synergies across the overall Thailand platform. He has been appointed to the Board of Frasers Property Thailand and will remain based out of Bangkok. The following business unit leaders remain in their roles, reporting directly to the Group CEO: Ms Soon Su Lin, Chief Executive Officer for Frasers Property Singapore, Ms Ilaria del Beato, Chief Executive Officer for Frasers Property United Kingdom, Mr. Reini Otter, Chief Executive Officer for Frasers Property Industrial, Ms Eu Chin Fen, Chief Executive Officer for Frasers Hospitality.

Ms Lorraine Shiow, Chief Executive Officer, Frasers Property China, who has contributed over the last 11 years across several markets, will be leaving Frasers Property with effect from 1 March 2024 to pursue her personal interests.