UG Healthcare (SGX:8K7) is restructuring its leadership as part of a succession plan, according to a Thursday filing on the Singapore Exchange.

Lee Keck Keong will step down as chief executive officer and remain as an executive director to focus on the group's active retirement home project. He will also exit the nominating committee.

Lee Jun Yih and Lee Jun Linn will take over as joint CEOs, adding to their roles as finance director and chief operating officer.

The board and nominating committee have been reshuffled, with Wong Fook Choy Sunny as non-executive chairman. The audit and remuneration committees remain unchanged.