PropertyGuru, the proptech company operates in Southeast Asia, has appointed Olivier Lim as Independent Chairman to the Board. The company’s official statement coined that the move is part of a “broader exercise to evolve its corporate governance and to bring even greater diversity, breadth, and depth to the Board”.
Lim is an experienced Chairman and non-executive Director who is currently Chairman of Certis CISCO and Frasers Property Australia. He was a former Chairman of Australand, a property group formerly listed on the ASX, and currently serves on the Board of Directors of DBS Bank and the Board of Trustees of Singapore Management University (SMU) amongst others.
Both seasoned Australian Directors, Jenny Macdonald, and Melanie Wilson will also bring on board their expertise into the company.
Macdonald is a former CFO with experience in marketplace businesses and is currently a Board Director at Bapcor and Redbubble amongst other companies. Wilson has many years of experience as a Director for consumer-oriented businesses and currently sits on the Boards of Baby Bunting, iSelect, and EML Payments, amongst other companies.
“Over the last twelve years, I have watched with great interest the rapid growth of the business from a Singapore based property portal, to a high-growth property technology company with leading property marketplaces in five core Asian markets. I see so many opportunities in this next phase of growth,” said Lim.
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The Group will form a fully independent Audit and Risk Committee (ARC) chaired by Macdonald. Wilson will chair the Nomination and Remuneration Committee (NRC), which will comprise of majority independent directors.
Recently in March 2019, PropertyGuru introduced Lens, an augmented reality feature that allows people to move their phone camera around a given area and see what apartments are available. At that time, it was in an invite-only beta launch phase.
Picture Credit: PropertyGuru