City Developments Limited announced the appointment of Mr. Sherman Kwek Eik Tse as Chief Executive Officer Designate, the Board announce that Mr. Sherman Kwek Eik Tse has taken over the full responsibilities of Chief Executive Officer on 1 January 2018. As CEO, Mr. Sherman Kwek will be responsible for providing leadership to drive the pursuit of the Group's strategic objectives, implementing the business strategies and decisions of the Board and having overall executive responsibility for the Group's businesses.