Leadership changes announced at PropertyLim Brothers after recent media reports

Following reports of an alleged affair, a company spokesperson said in a statement to EdgeProp that the company will "reaffirm clear professional boundaries and standards".

PropertyLimBrothers (PLB), a Singaporean real estate media technology company, has confirmed leadership changes following an internal review, with two senior executives stepping down and a new interim chief executive officer named. 

This is according to a report by EdgeProp Singapore. In a statement provided to EdgeProp, a company spokesperson said the review had been completed "following recent events" and that "the individuals concerned have resigned from their respective roles with immediate effect." The spokesperson did not name the departing executives in that response but confirmed the changes were effective immediately.

Key changes made

As reported by EdgeProp, the following changes or appointments have been made:

• Marc Chan, formerly Vice-President of Operations, has been appointed interim CEO with immediate effect.
• Carrie Teoh, previously VP of People and Finance, is now HR and Finance Director.
• Wayne Tang and George Peng will serve in senior leadership roles for PLB Realty.

Co-founder Adrian Lim will continue in his current role.

The above comes amid wider public attention and the apparent removal of biographies for co-founder and CEO Melvin Lim and Vice President of Strategy Grayce Tan from the company’s website prior to the formal announcement. As further reported on EdgeProp, the PLB spokesperson did not elaborate on the nature of the "recent events" that prompted the internal review, and stated that PLB "will not comment on rumours or speculation".

In its statement, the firm noted that it is reinforcing workplace conduct policies and governance processes to "reaffirm clear professional boundaries and standards across the organisation," and stressed that its "business operations and client services continue as usual."