Mapletree Logistics Deputy CEO Says He’s Leaving After 2 Years

Michael de Jong-Douglas, deputy chief executive officer of Mapletree Logistics Trust (MLT)’s management company, said he’s resigning from the Singapore real estate investment trust controlled by Temasek Holdings Pte.

De Jong-Douglas will take a three-month leave before “getting back into the thick of things as of October 1,” he said in an e-mail received by Bloomberg News.

He couldn’t be reached in his office for a comment. Richard Lai, chief executive officer of the trust’s management company, couldn’t be reached at his office and on his mobile phone.

De Jong-Douglas joined the property trust in May 2009, according to Mapletree Logistics’s annual report. He was formerly a managing director of ProLogis, where he worked for 11 years in various roles at the world’s largest warehouse owner.

Mapletree Logistics, which owns warehouses and industrial properties in seven markets including China and Japan, is 41 percent-owned by Temasek, Singapore’s state-owned investment company, according to data compiled by Bloomberg.

Mapletree Logistics’s shares climbed 8.9 percent in the past year, compared with a 6 percent gain in the Singapore benchmark Straits Times Index.

To contact the reporter on this story: Netty Ismail in Singapore nismail3@bloomberg.net

To contact the editor responsible for this story: Andreea Papuc at apapuc1@bloomberg.net

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