Keppel Pacific Oak US REIT Management Pte. Ltd. (Keppel Pacific Oak US REIT Management), the manager of Keppel Pacific Oak US REIT (KORE), is pleased to announce the appointment of Mr Roger Tay Puay Cheng (鄭培深) as an independent non-executive director as well as Chairman of the Audit and Risk Committee (ARC) to the Board of Keppel Pacific Oak US REIT Management with effect from 15 November 2024.  

Mr Tay, 55, has more than 30 years of audit, risk management, corporate advisory and restructuring experience involving multinationals and public listed companies across a wide range of industries. Mr Tay began his career with KPMG LLP (KPMG) as an auditor and was admitted as partner of KPMG in October 2003. He was the Head of Advisory (Deal Advisory) of KPMG in Singapore from January 2020 to September 2023, which covered the Corporate Finance, Transaction Services, Infrastructure Advisory as well as Turnaround and Restructuring practices. Prior to January 2020, he led in various roles at KPMG, namely, Head of Audit, where he charted the strategy for KPMG’s audit practice that covered quality, people agenda, risk management, technology enablement and client management, Head of Capital Market Group, Head of Deal Advisory, as well as Head of Turnaround and Restructuring Services.

Mr Peter McMillan III, Chairman of Keppel Pacific Oak US REIT Management, said, “We are pleased to welcome Roger to our Board. KORE stands to benefit from Roger’s wealth of experience and deep expertise in audit and risk management, as well as in the capital markets, which will bolster our efforts in delivering long term value to Unitholders.”

Mr Tay holds a Bachelor of Accountancy with Honours from the National University of Singapore. He is also a fellow of the Institute of Singapore Chartered Accountants and the Insolvency Practitioners Association of Singapore.

Mr Tay replaces Mr Lawrence D. Sperling as Chairman of the ARC, who was appointed the interim Chairman of the ARC on 23 August 2024.

Mr Sperling is currently an independent non-executive director of the Manager and will be appointed the lead independent director, as well as a member of the Nominating and Remuneration Committee with effect from 15 November 2024. Mr Sperling will continue to be a member of the ARC, as well as the Chairman of the Environmental, Social and Governance Committee.

With the abovementioned changes, the Board of Keppel Pacific Oak US REIT Management will comprise six directors, of whom four are independent directors.

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