FEOrchard appoints Koh Boon Hwee as non-exec director, non-exec chairman

SINGAPORE : Far East Orchard (FEOrchard), formerly known as Orchard Parade Holdings, has appointed Koh Boon Hwee as a non-executive director and non-executive chairman with effect from 1 January 2013.

62-year-old Mr Koh will take over from Philip Ng who will be stepping down as a non-executive director and non-executive chairman from next year.

In a statement issued on Friday, FEOrchard said Mr Ng will also cease to be a member of the Nominating Committee, but will remain as a strategic advisor.

It added that the appointment of Mr Koh is a continuing progression in the organisational development of the company and its business growth.

FEOrchard has undergone a strategic corporate restructuring this year with a new diversified portfolio focusing on property development, hospitality real estate development and management, and healthcare real estate space.

Commenting on the appointment, Mr Ng, who is also chief executive officer of FEOrchard's parent, Far East Organization, said: "As FEOrchard begins the next phase of its transformative growth, we will actively develop and expand on our domain real estate capabilities and will also seek to enlarge our footprint beyond Singapore.

"Boon Hwee brings immense value to this endeavour with his excellent record of accomplishments in developing people, businesses and customers across a broad spectrum of industries and markets."

Mr Koh is currently chairman (executive) at Credence Capital Fund II (Cayman) Ltd and Credence Partners Pte Ltd.

He is also currently non-executive chairman of Sunningdale Tech, Yeo Hiap Seng Limited, Yeo Hiap Seng (Malaysia) Berhad, AAC Technologies Holdings, Rippledot Capital Advisers, FEO Hospitality Asset Management, and FEO Hospitality Trust Management.

- CNA/ms

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