KUALA LUMPUR (March 4): MCT Bhd announced today Apollo Bello Tanco's redesignation as executive director and appointment as chief operating officer of the property developer.

In separate statements to Bursa Malaysia today, MCT also announced Susan Jacob Secreto's appointment as chief financial officer.

The group said the appointments and redesignation are effective today. Tanco was redesignated to executive director from non-executive director of the group.

"Mr Tanco is the head of project and strategic management group and member of the management committee of Avida Land Corp, a subsidiary of Ayala Land, Inc. He is also the assistant vice president of Ayala Land, Inc," MCT said.

On Secreto, MCT said she was previously the CFO and a member of the management committee at Ayala Land Offices between July 2017 and February 2019.

According to MCT's latest annual report, Ayala Land is the largest shareholder of MCT with a 66.25% stake as at Sept 28, 2018. Ayala Land owns the MCT stake via Regent Wise Investments Ltd.