Executive moves: Frasers Property CIO steps down; SingPost taps new CFO; Mooreast, RE&S, SHS

Sign at Frasers Tower, owned by Frasers PropertySign at Frasers Tower, owned by Frasers Property

Singapore companies announcing executive changes: Frasers Property, Singapore Post (SingPost), Tianjin Zhong Xin Pharmaceutical Group, Mooreast Holdings, RE&S Holdings and SHS Holdings.

Frasers Property

Uten Lohachitpitaks, age 48, is stepping down as group chief investment officer at Frasers Property, effective 1 January 2022, to pursue new interests, the company said in a filing to SGX Friday.

“Uten joined Frasers Property in 2013 and since then, he has been responsible for Frasers Property’s investment and capital markets transactions, and acquisition growth strategies. As part of the senior management team, Uten has played an instrumental role in driving Frasers Property’s strategic growth and PropTech investments,” the company said in the statement.

Lohachitpitaks owns around 1.17 million Frasers Property shares, the filing said.

After his departure, Loo Choo Leong, the group chief financial officer will assist Panote Sirivadhanabhakdi, the group CEO, in a transition plan, the filing said.

Correction: This item provided an incorrect figure for the number of Frasers Property shares held by Uten Lohachitpitaks. The figure has been corrected.

Singapore Post (SingPost)

Singapore Post (SingPost) said Friday Richard Lai Tak Loi, age 51, would resign as group chief financial officer, effective 10 February 2022, to pursue other career opportunities.

He had been appointed to his position in 2018, the filing said.

The company said Yik Yen Shan, Vincent, age 49, would be appointed to the chief financial officer role, effective 11 February 2022.

“Mr. Yik is an experienced chief financial officer operating in the Asia region and brings with him extensive operating experience of the Australia market. The board is confident of Mr. Yik’s capability to lead the continued transformation of our business, especially with Australia as a key part of our strategy,” SingPost said in the statement.

From July 2019 to November 2021, Yik has been the chief financial officer at OUE Lippo Healthcare, and from January 2018 to June 2019, he was the founder and CEO of RS Four, and from January 2014 to December 2017, he was the chief operating officer for Australia properties at Far East Organization in Sydney, the filing said.

Tianjin Zhong Xin Pharmaceutical Group

Tianjin Zhong Xin Pharmaceutical Group said Friday it has appointed Zhang Mingrui, age 46, as a non-executive non-independent director of the company, effective Friday.

She has been working in the company’s controlling shareholder, TPH, since July, and was the deputy general manager of Chongqing Taiji Industry (Group) from May to July, and was a director of Chongqing Taiji Industry (Group) from May 2017 to July 2021, the company said in a filing to SGX.

Zhao Zhibin, age 42, has ceased to be a supervisor at the company, effective Friday, as his term of office has expired, the company said.

Xing Jianhua, age 50, has been appointed as a supervisor, effective Friday, the company said, noting he has been chief financial officer of TPH since May.

Mooreast Holdings

Mooreast Holdings said Friday it appointed Lieu Chin Leong (Kenny Lieu), age 60, as chief financial officer, effective 15 December.

Lieu was the vice president of finance at Sembcorp Industries’ renewable energy division from 2019 to 2020, and the vice president of finance at Sembcorp Development, a wholly owned subsidiary of Sembcorp Industries, from 2014 to 2019, the company said in a filing to SGX.

RE&S Holdings

RE&S Holdings said Friday it has promoted Yap Fang Ling, age 47, to chief financial officer from financial controller, effective 1 January 2022.

Yap has been the financial controller since 2019 and was the senior financial manager from 2017-2019, the company said in a filing to SGX.

She holds 40,000 shares in the company, the filing said.

SHS Holdings

SHS Holdings said Friday Wong Tat Yang, age 63, has resigned as chief financial officer, effective 10 January 2022, to pursue other interests. Wong was appointed to his position in 2019, the company said in a filing to SGX.

 

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