Singapore companies announcing executive changes: Keppel REIT, OxPay Financial, Raffles Medical and Thomson Medical.
Keppel REIT said Wednesday the manager has received regulatory approval for Koh Wee Lih’s appointment as CEO of the REIT’s manager, with the appointment to take effect Wednesday.
Singapore-listed Keppel REIT holds a portfolio of 10 Grade A commercial assets located in central business districts in Singapore, Sydney, Melbourne, Perth and Seoul.
OxPay Financial said Wednesday it has terminated Koh Beng Kiok Anthony as CEO immediately and terminated Madeline Sam Choy Meng as group chief financial officer immediately.
Koh had been expected to serve a six-month notice period under his service agreement after he tendered his resignation as executive director and CEO in July to ensure a smooth transition and to handover his duties as the CEO, OxPay said in a filing to SGX. Sam had also been expected to serve a six-month notice period ending 31 December, the filing said.
Following their resignations, Tan Chee Keong was appointed managing director on 28 July and Ng Kok Peng was appointed as chief financial officer on 19 August, the filing said.
“Mr. Tan (in his capacity as MD) and Mr. Ng (in his capacity as CFO) have since taken on the duties of CEO and CFO respectively, and the
termination will not affect the continued operations of the company,” OxPay said.
Raffles Medical Group
Raffles Medical Group said Wednesday Koh Poh Tiong, age 75, would retire as lead independent director, effective end-December. He was appointed to his position in 2011, the company said in a filing to SGX.
Thomson Medical Group
Thomson Medical Group said Wednesday it was adding three new members to its board: Christina Teo Tze Wei and June Leong Lai Ling, who will both be non-executive and independent directors, and Wan Nadiah who will be an executive director.
In addition, Lim Wee Kiat was appointed CEO of Thomson X, the company’s digital arm, and he was redesignated to executive director of Thomson Medical Group from non-executive previously, the company said in a filing to SGX Wednesday.