SingPost – BT
SingPost appoints CFO as deputy CEO
SINGAPORE Post (SingPost) has announced the appointment of Ng Hin Lee, its chief financial officer (CFO), as deputy group chief executive officer with effect from Monday.
Mr Ng, who joined SingPost in 2006, will concurrently hold the functions and responsibilities of the CFO. The move comes as SingPost plans to boost its presence overseas.
The group said Mr Ng was responsible for the successful conclusion of the Postea deal in which SingPost took a 30 per cent stake in the US-based postal and logistics technology solutions company. He also played a major role in the full acquisition of its then joint-venture G3 WorldWide Aspac which has since been renamed Quantium Solutions International.
Said Wilson Tan, group CEO of SingPost: ‘With Hin Lee’s more than 20 years of leadership experience, in particular in the area of corporate finance, he will play a key role in SingPost’s regional expansion plans.’
SingPost said since its listing in 2003, it has been strengthening its management bench through the infusion of new talent, succession planning and organisational changes to support the company’s growth and expansion plans.
SingPost’s mail business will continue to be headed by executive vice-president Woo Keng Leong, a veteran with 30 years of postal experience. Its retail and financial services is led by executive vice-president Loh Choo Beng while its logistics business is managed by vice-president Raymond Huang.
SingPost’s wholly-owned subsidiary, Quantium Solutions International, is helmed by executive vice-president Teo Yew Hwa.