29th May 2025 10:53
(Alliance News) - Jardine Matheson Holdings Ltd on Thursday said it has appointed Lincoln Pan as chief executive officer from December, succeeding John Witt who will retire at the end of November.
The Asia-focused investor, which has interests in retail, property, hotels and motor dealerships, said Pan will join from Hong Kong-based alternative investment firm PAG.
At PAG, Pan is a partner and co-head of Private Equity, as well as a member of the group executive committee. He was previously Chief Executive Officer of the Greater China region at Willis Towers Watson Public Ltd.
"Lincoln's wealth of investment experience in the Asia Pacific region and track record of working with company boards and management teams makes him extremely well-placed to lead Jardine and to implement our strategy to build bigger, better businesses over the long-term," said Executive Chair Ben Keswick.
Outgoing CEO John Witt said: "We have implemented some important changes to modernise the group and ensure we are well placed to capture the opportunities ahead. Now is the right time to hand over to new leadership and I am confident Lincoln's strong investment experience and cultural alignment makes him an excellent choice to lead the business in this next chapter."
Witt will continue to serve as chair of Hongkong Land Holdings Ltd, the company added.
Shares in Jardine Matheson were untraded at USD58.38 in London on Thursday morning.
By Michael Hennessey, Alliance News reporter
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