SingPost names Teo Swee Lian as chairman-designate; Simon Israel to retire after 9 years at helm
She will assume the role at the conclusion of the postal services provider’s next annual general meeting
[SINGAPORE] Singapore Post (SingPost) has appointed Teo Swee Lian, 65, to the board as chairman-designate and non-independent non-executive director with effect from Wednesday (May 21).
She will also be appointed as an additional member of the finance and investment committee, compensation committee and nominations and corporate governance committee.
The postal services company said in a bourse filing on Wednesday that her appointment comes at the conclusion of a search by the SingPost board to succeed Simon Israel, 72.
Teo will assume the role of chairman at the conclusion of SingPost’s next annual general meeting when Israel retires after nine years at the helm.
Her portfolio includes board and directorship roles with Singtel and AIA Group, as well as 27 years of financial services experience with the Monetary Authority of Singapore. She is also an independent non-executive director at HSBC.
Outgoing chairman Israel said: “SingPost is undergoing a significant transformation to adapt to the evolving postal, e-commerce and logistics landscape. (Teo’s) experience will contribute to the board’s oversight and direction for the new strategy.”
The counter closed 0.9 per cent or S$0.005 lower at S$0.565 on Tuesday.
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