UPDATE: Singapore executive moves Friday: Venture appoints new CEO, Spackman executive director resigns

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These are Singapore companies which announced personnel changes on Friday, 5 November 2021: Venture Corp.

This item was originally published on Friday, 5 November 2021 at 23:26 SGT; it has since been updated to include Spackman Entertainment Group.

Venture Corp.

Venture Corp. has tapped Chief Operating Officer Lee Ghai Keen, age 66, to be promoted to CEO, effective 1 January 2022, as part of succession planning, the company said in a filing to SGX Friday.

“With 23 years of services with the company, Ghai Keen has considerable experience in developing and growing new businesses in the electronics and advance technology sectors,” Venture said in the statement, noting he has already been overseeing group operations and providing leadership to research and development efforts.

The current CEO, Wong Ngit Liong, age 80, will step down on 1 January 2022, and then take on a defined executive role, Venture said.

While keeping roles as a director and executive chairman, Wong will remain accessible to support Lee Ghai Kheen and will drive the group’s strategic direction and long-term growth, Venture said. Wong was appointed to the CEO role in 1989, the filing said.

In addition, Wong Chee Kheong, age 60, will be appointed chief operating officer, effective 1 January 2022.

Wong Chee Kheong has been senior vice president of Venture’s healthcare and wellness business, global supply base management and IT, the filing said.

Spackman Entertainment Group

Spackman Entertainment Group said Friday Yoo Jin Lee (Eugene Lee), age 53, has resigned as executive director and chief producer, effective 5 November.

The resignation of Eugene Lee and the existing directors, including Lee as the current representative director, was one of the conditions of the sale of Zip Cinema, which was announced in September, Spackman said in a filing to SGX.

She currently holds 23.16 million shares of Spackman, the filing said.


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