Singapore telco M1 said on Monday that its CEO Karen Kooi Lee Wah, age 64, has retired, effective 6 December, with sector veteran Manjot Singh Mann, age 53, tapped to replace her.
Kooi will remain on the board as a director pending developments in the pre-conditional offer for the company from Konnectivity, which was announced in late September, M1 said in filings to SGX after the market close on Monday.
She will remain an adviser to the board until 28 February 2019 to ensure a smooth transition, M1 said.
Danny Teoh, chairman of M1, said that under Kooi’s leadership, M1 has transitioned from a pure mobile player to a full-service provider.
“During her tenure as CEO, M1’s fixed services revenue grew steadily, achieving double-digit growth in the last five years. And in more recent times, Karen has overseen M1’s acceleration into the ICT business and the strengthening of its product offerings to capture new opportunities in the digital economy,” Teoh said.
Mann, who will take over the role of CEO on 6 December, has been CEO of cloud-software-platform company Pareteum Asia from August 2018 through the present, and was CEO of communications and convergence at Lebara Mobile, which is a multi-national, pan-European mobile virtual network operator, from July 2014 to July 2018, it said.
He is also a former CEO of Hutchison Telecommunications, Jakarta, it said.