RML in a move to strengthen and provide more depth to its core team The company is appointing Mr. Lee Chye Tek Lionel as CEO, while Mr. Lee Chye Cheng Adrian is reappointed as COO

Real Estate Press Releases Thursday November 1, 2018 15:22
Bangkok--1 Nov--Raimon Land

RML reshuffles its organization structure by appointing Mr. Lee Chye Tek Lionel as it's new CEO, effective from November 1, 2018. Mr. Lionel's core responsibilities will be overseeing the Company's investment and corporate strategies.

Mr. Adrian Lee announced that the Board of Directors has appointed Mr. Lee Chye Tek Lionel, as Chief Executive Officer (CEO) and appointed him as Chief Operating Officer (COO), effective from November 1, 2018 onward. Both Mr. Lionel Lee and Mr. Adrian Lee are brothers.

Mr. Lionel Lee who currently is the largest shareholder of Raimon Land, holds about with 24.98%. He was previously the CEO of Ezra Holdings, which was once a THB30bn integrated oil and gas services company listed on the main board of the Singapore stock exchange. He has also served on multiple board of directors and has deep experience in the property sector across many markets. He was recognized for his work in public and social work in Singapore and was awarded the Public Service Medal (Pingat Bakti Masyarakat - PBM) from the Government of Singapore. He also previously sat on the advisory committee of the Singapore Stock Exchange. Mr. Lionel Lee will continue his roles on the Board of RML. He is currently holding various positions such as Chairman of Executive Committee, Nomination and Remuneration Committee member and Enterprise Risk Management Committee member.

In another pivot, RML announced the appointment of Dr. Surakiart Sathirathai as the Chairman of the Board of Directors on 1st November 2018. In 1995, Dr. Surakiart became Thailand's youngest Finance Minister under Prime Minister Banharn Silapa-Archa. In 2001, Prime Minister Thaksin Shinawatra appointed Dr. Surakiart as Minister of Foreign Affairs, until early 2005 when he became Deputy Prime Minister.

Mr. Adrian Lee will continue to focus on the overall operations of the company. "As the company grows, we not only need capable people to guide it in the right direction but also people with diverse experience and skill sets. I strongly believe the new appointments will bring a whole new dimension to the company as we prepare ourselves on the path of growth. When I started we only had 1 active project, today after the acquisition of assets from KPN Land, we are poised to become the largest luxury condo developer in Bangkok with over THB30bn worth of units over 10m baht each transferring over the next couple of years. My focus now will be overseeing the smooth delivery of all our projects, present and future." says Mr. Adrian Lee.

Raimon Land PLC has currently 6 active residential projects worth about THB30bn and 1 active commercial project worth about THB8.6bn.
About Raimon Land Public Company Limited

Founded in 1987 and listed on the Stock Exchange of Thailand (SET) in 1993, Raimon Land Public Company Limited (RML) is Thailand's leading real estate developer which specializes in the development of luxury residential properties. Since 2004, the company has completed 14 residential properties in Thailand, including 185 Rajadamri, The River, The Lofts Yennakat, The Legend Saladaeng, The Lakes, The Lofts Sathorn, The Lofts Ekkamai and Mews Yen Akat by Raimon Land, a landed semi-detached housing estate on Soi Yen Akat in Bangkok; Zire Wongamat, Unixx South Pattaya, Northpoint and Northshore in Pattaya; and The Heights Phuket and Kata Gardens in Phuket. Two new residential properties are currently under development - The Lofts Asoke, a residential property on Asoke and The Lofts Silom; both in Bangkok.

The company's portfolio also includes klapsons The River Residences Bangkok serviced apartments, Vue community lifestyle mall and Space 48 office building on Ratchadapisek Road.

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