Jardine Matheson Holdings (OTC:JMHLY) Limited, a diversified Asia-focused investment company, announced the appointment of Lincoln Pan as its new Chief Executive Officer effective from December 1, 2025. He will be taking over from John Witt, who is set to retire at the end of November after a tenure of 32 years with the Group.

Pan comes from PAG, a leading alternative investment firm in the Asia Pacific, where he was a Partner and co-head of Private Equity. His prior experience includes senior roles at Willis Towers Watson (NASDAQ:WTW), Advantage Partners, GE Capital, and McKinsey & Company.

Executive Chairman Ben Keswick expressed confidence in Pan’s capabilities, citing his extensive investment experience and proven track record in the region. Keswick also acknowledged Witt’s significant contributions to the Group, particularly his leadership during the global pandemic and his role in modernizing the company’s corporate structure.

Witt reflected on his time with Jardine Matheson, emphasizing the Group’s commitment to integrity and a long-term outlook. He expressed his confidence in Pan’s leadership to guide the company into its next phase.

In his remarks, Pan honored the opportunity to lead Jardine Matheson and emphasized the strategic goals ahead, aiming to preserve the company’s culture while driving shareholder returns.

Upon his retirement, Witt will continue his role as Chairman of Hongkong Land and will retire from his positions at Jardine Matheson Holdings Limited, including his roles at Jardine Matheson Limited and Jardine Pacific, as well as at DFI Retail, Jardine Cycle & Carriage, and Astra, effective November 30, 2025.

Jardine Matheson, founded in 1832 in China, has a history of adaptability and resilience. The company seeks to generate long-term returns for shareholders by leveraging market-leading businesses that are well-positioned to benefit from growth opportunities in Asia, driven by urbanization and an expanding middle-income demographic.

The company is incorporated in Bermuda and has a primary listing on the London Stock Exchange (LON:LSEG), with secondary listings in Bermuda and Singapore. This announcement is based on a press release statement.