The Chief Executive Officer (CEO) and president of United Industrial Corporation (UIC) will retire on Sept 30, 2020 after 28 years in both roles, the mainboard-listed property group said.

THE chief executive officer (CEO) and president of United Industrial Corporation (UIC) will retire on Sept 30, 2020 after 28 years in both roles, the mainboard-listed property group said in a bourse filing on Wednesday.Lim Hock San will also step down from his position as executive director on his last day. 

He will cease to be a director of the company's various subsidiaries and associated companies.

Lim took up the CEO and President positions in the year 1992. He "served with distinction" during his tenure and contributed greatly to the development of the UIC group through his strategic initiatives, the company said. 

The board is in the process of identifying and reviewing both internal and external candidates, and endeavors to identify and appoint a suitable candidate for the role of President and CEO  as soon as possible.