GLP CHINA LEADERSHIP TRANSITION

Transcription

1 For Immediate Release GLP CHINA LEADERSHIP TRANSITION Teresa Zhuge and Victor Mok promoted from within the China business to serve as Co-Presidents Dual leadership structure allows GLP to focus on strengthening operations and leasing while growing its development and fund management platform in China Kent Yang, GLP China President, transitions to Senior Advisor role Shanghai, 6 June 2016 GLP, the leading global provider of modern logistics facilities, has appointed Teresa Zhuge and Victor Mok to serve as Co-Presidents of the Company s China business following a decision by Kent Yang, President of GLP China, to move into a Senior Advisor role. Ms. Zhuge and Mr. Mok are highly experienced GLP executives and have been integral to the Company s business strategy in China, including acquisitions, strategic projects, and more recently, the sharpening of the Company s focus on customer-centric initiatives. The dual leadership structure allows GLP to focus on strengthening operations and leasing while growing its development and fund management platform in China. The leadership transition process will be seamless as Mr. Yang will work closely with the Co-Presidents in his role as Senior Advisor over the next nine months. Mr. Yang s decision to move into a Senior Advisor role at this time was based on his desire to pursue a personal venture. 1

2 Mr. Ming Z. Mei, Chief Executive Officer of GLP, said: With our succession planning in place, Teresa and Victor will continue to build on the strong foundation that Kent has created and take our business to the next level in China. Kent joined us in 2005 and has proven a loyal and valuable member of the GLP team ever since. We thank him for his commitment and contributions and wish him the very best as he sets off to pursue his own interests. TERESA ZHUGE Co-President, GLP China Teresa Zhuge, 39, is Co-President of GLP China and is responsible for the finance, investment-related and human resource functions for the China business. Ms. Zhuge oversees fund management, capital deployment and leads negotiations for GLP China s acquisitions and strategic projects. She was formerly Chief Financial Officer of GLP China. Previously, Ms. Zhuge served as Fund Management Director and Assistant Chief Financial Officer of Prologis China. Prior to that, Ms. Zhuge was Deputy Chief Financial Officer of SZITIC Commercial Properties and also worked with Morgan Stanley Properties China and Deloitte. Ms. Zhuge graduated with a Master of Business Administration from the Kellogg School of Management at Northwestern University and the School of Business and Management at the Hong Kong University of Science and Technology. Ms. Zhuge received her Bachelor s degree from Renmin University of China and is based in Shanghai. 2

3 VICTOR MOK Co-President, GLP China Victor Mok, 51, is Co-President of GLP China and is responsible for the commercial and operational functions for the China business. Mr. Mok also spearheads strategic collaboration with GLP key partners such as China Material Storage and Transportation Corporation (CMSTD). He was formerly Chief Commercial Officer of GLP China. Mr. Mok has close to three decades of experience in the aviation and logistics industries. Prior to joining GLP, Mr. Mok was CEO, North Asia, of DHL Supply Chain. Prior to DHL, Mr. Mok worked for Cathay Pacific Airways and Expeditors International holding various executive roles. Mr. Mok holds a Master s Degree in Global Finance from Stern Business School at New York University and the School of Business and Management at the Hong Kong University of Science and Technology, as well as an Executive MBA from Ivey School of Business, University of Western Ontario Canada. Mr. Mok graduated from the University of Hong Kong with a Master s Degree in Transport Studies and a Bachelor s Degree in Economics and Management. He is a graduate of the Strategic Leadership Program from the University of Oxford and is based in Shanghai. KENT YANG Senior Advisor, GLP China Kent Yang, 48, is Senior Advisor of GLP China. Mr. Yang joined the Company in 2005 and was formerly President of GLP China. 3

4 Previously, Mr. Yang served as Chief Operating Officer for Prologis China, where he was responsible for development and construction, leasing, property management and customer service. Prior to that, he was the General Manager responsible for the overall operation of GLP Park Lingang, Shanghai, a three sq km logistic park joint venture by GLP and Shanghai Lingang Group. From 2002 to 2005, Mr. Yang was the Managing Director of Wuxi Hua Yang Hi-Tech Venture Capital Inc., where he was responsible for the development and overall operation of a two sq km hi-tech industrial park in Wuxi, Jiangsu Province, China. Mr. Yang received his Bachelor of Architecture degree from the University of Southern California and a Master of Science degree in Real Estate Development from Columbia University. Mr. Yang is based in Shanghai. About GLP ( GLP is the leading global provider of modern logistics facilities. The Company develops, owns and manages a 52 million square meters (559 million square feet) portfolio of logistics facilities across China, Japan, US and Brazil that cater to domestic consumption. GLP s 4,000 customers include some of the world s most dynamic manufacturers, retailers and third party logistics companies. Fund management is an important and growing part of GLP s business, providing significant capital to support sustainable long-term growth, while enhancing returns on GLP s invested capital. As of 31 March 2016, GLP s total owned and managed assets amounted to US$36 billion. GLP is listed on the Mainboard of Singapore Exchange Securities Trading Limited (SGX stock code: MC0.SI; Reuters ticker: GLPL.SI; Bloomberg ticker: GLP SP). 4

5 GLP Investor Relations & Media Contact: Ambika Goel, CFA SVP- Capital Markets and Investor Relations Tel: ## END ## This press release is not an offer of securities for sale or a solicitation of an offer to purchase securities. The information in this press release may not contain, and you may not rely on this press release as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of GLP or its subsidiaries. Please refer to our unaudited financial statements for a complete report of our financial performance and position. This release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the intent, belief and current expectations of GLP or its officers with respect to various matters. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," intends, foresees, estimates, projects, and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Similarly, statements that describe objectives, plans or goals also are forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events and speak only as of the date of this press release. GLP does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that GLP s assumptions are correct. 5