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CEO of Daiwa House Logistics Trust’s manager resigns as part of succession planning

Felicia Tan
·2-min read

He will be replaced by Jun Yamamura, who will step into the role with effect from June 1.

Takeshi Fujita, the CEO and non-independent executive director of the manager of Daiwa House Logistics Trust (DHLT) DHLU has resigned.

Fujita, who was appointed as the manager’s non-independent executive director on Nov 26, 2020, and CEO on June 15, 2021, will relinquish his roles effectively on May 31.

He will be replaced by Jun Yamamura, who will step into the role with effect from June 1. Yamamura is currently head of planning of the manager and works closely with the current CEO and the other members of the management team to develop, establish and execute the business strategies of DHLT.

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Upon his resignation, Fujita will be returning to Japan to assume another appointment in Daiwa House Industry, the sponsor of the REIT.

“On behalf of the board and management team, I would like to express our sincere appreciation to Mr Fujita for his contribution to the listing and development of DHLT. Under his leadership, DHLT completed its maiden acquisition and met the forecast distribution per unit1 in its first financial year since listing despite facing multiple challenges. We wish him all the best in his future endeavours," says Tan Jeh Wuan, chairman of the board.

"Mr Yamamura was actively involved in the initial public offering of DHLT and has been a key officer of the manager since the listing of DHLT, therefore ensuring a smooth transition during the change of leadership. With more than 20 years of diverse experience in the real estate sector, we are confident that Mr Yamamura can lead DHLT into its next phase of growth and look forward to working closely with him,” he adds.

Units in DHLT closed flat at 56 cents on May 19.

 

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