Singapore executive moves Monday: BK Chiu steps down at CDI and MCK; SIAEC taps new EVPO; OUE taps new CFO

The OUE Bayfront building in Signapore’s central business district. Credit: Shenton WireThe OUE Bayfront building in Signapore’s central business district. Credit: Shenton Wire

These are Singapore companies which announced personnel changes on Monday, 8 November 2021: City Developments, OUE, SIA Engineering and Procurri Corp.

SIA Engineering

SIA Engineering (SIAEC) said Monday Ivan Neo Seok Kok, age 63, will retire as executive vice president of operations, effective 31 March 2022.

“The board and management recorded their deep appreciation of Mr. Neo’s dedicated service in various operations units and support services across SIAEC, and his invaluable contributions for the past 46 years, including the last five years as executive vice president operations. He was instrumental in steering operations through transformation initiatives that led to improvements in operational excellence, efficiency and turnaround time,” SIA Engineering said in a filing to SGX.

Foo Kean Shuh, age 52, will take over the role, effective 1 April 2022, and will oversee the company’s operations, reporting to the CEO, the company said.

Currently, Foo is senior vice president corporate planning, fleet management and commercial at SIA Engineering, and has 27 years of aerospace industry experience, the filing said.

Read SIA Engineering’s filing to SGX.

City Developments, CDL Investments New Zealand (CDI) and Millennium & Copthorne Hotels New Zealand (MCK)

Millenium & Copthorne Hotels New Zealand (MCK) said Monday its Managing Director BK Chiu plans to leave the group in July 2022. MCK has begun a process to appoint a new managing director/CEO in the coming months, with an announcement expected before Chiu’s departure, the company said in a filing sent to SGX.

Kwek Leng Beng, chairman of City Developments, MCK’s majority shareholder, said Chiu had navigated the company through many challenges, including a pandemic, the Canterbury earthquakes and the Global Financial Crisis.

In addition, Chiu will be stepping down as managing director of CDL Investments New Zealand (CDI), effective July 2022. CDI said it had begun a process to appoint a new managing director/CEO, with an announcement expected before Chiu’s departure.

OUE

OUE has tapped Lee Wee Tat, age 44, as chief financial officer, the company said in a filing to SGX Monday.

Lee was finance director at RGE Group from January 2020 to November 2021, and chief financial officer at Asian Agri and Apical Group, the RGE Palm Oil Business Group, from January 2017 to March 2019, OUE said.

Procurri Corp.

Procurri Corp. has appointed Lim Swee Yong, age 42, as non-independent non-executive director, effective 9 November, the company said in a filing to SGX Monday.

Lim is the CEO of DeClout Ventures, which is a subsidiary of DeClout Pte Ltd., which in turn is a substantial shareholder of Procurri, the filing said.

Lim holds 110,100 shares in Procurri, the filing said.

 

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