Executive moves: Singtel, Addvalue, Courage Investment, Engro, Combine Will, Informatics

A Singtel promotional display at Paya Lebar Quarter. Photo taken November 2021A Singtel promotional display at Paya Lebar Quarter. Photo taken November 2021

Singapore companies announcing executive changes: Singtel, Addvalue Technologies, Courage Investment Group, Engro Corp., Combine Will International and Informatics Education.

Singtel

Singtel said Saturday it appointed Yong Hsin Yue, age 50, as non-executive independent director, effective Saturday. From January 2017 to the present, she has been the managing director of Kuok (Singapore) and from July 2015 to December 2016, she was the general manager of special projects at Wilmar International, Singtel said in a filing to SGX.

John Arthur, age 66, was appointed as non-executive independent director, effective Saturday, Singtel said. From 2019 to the present, he has been the chairman of Sydney Metro, and from 2019 to the present, he has been a member of Singtel’s Optus Advisory Committee, a filing said.

Addvalue Technologies

Addvalue Technologies said Friday Chan Kum Lok Colin, age 65, would cease to be CEO, while remaining executive chairman, effective Saturday. Chan, who holds 21.65 million shares of the company, was appointed to the role in 1996, according to a filing to SGX.

Tan Khai Pang, age 63, an executive director and one of the co-founders, will become CEO, effective Saturday, a filing said.

In addition, Chua Chwee Koh, age 58, was appointed as a non-executive non-independent director, Addvalue said in a separate filing.

“Chua brings with him a wealth of experience having served 22 years in Singapore Armed Forces (retiring with the rank of Brigadier General) and subsequently spent another 17 years with Certis CISCO in leading and transforming its business operation,” Addvalue said.
“The company will be able to tap on his experience, management expertise and network, particularly, on matter relating to strategy and long-term goals.”

Courage Investment Group

Courage Investment Group said Friday Dr. Feng Xiaogang, age 56, will step down as chairman and be re-designated as non-executive director as he needs to devote more time to his other business interests. Feng joined the company as executive director and chairman in January 2021, Courage Investment said.

Sue Ka Lok, age 56, who is an executive director, will be appointed chairman, Courage Investment said in a filing to SGX. Sue rejoined the company as executive director in November 2021 and is a director of various company subsidiaries, the filing said.

He first joined the company as executive director and chairman in October 2015, and then stepped down as chairman and was re-designated as non-executive director in October 2017, the filing said. Sue is also an executive director and CEO of Hong Kong-listed China Strategic Holdings, the filing said.

Courage Investment’s businesses are marine transportation, property holding and investment, investment holding and merchandise trading.

Engro Corp.

Engro Corp. said Friday Ho Pol Lim Eugene, age 57, would cease to be senior general manager responsible for managing the operations of the building materials division for Singapore and Malaysia, effective Friday, to pursue other career opportunities. Ho had been appointed to the position in 2008, the company said.

“The company is in the midst of identifying a suitable and qualified replacement to fill the position of general manager (or its equivalent rank),” Engro said in a filing to SGX.

Informatics Education

Informatics Education said Friday Yau Su Peng, age 54, was re-designated to non-executive chairman from executive director, effective Friday. She has been a director of the company since 2012, the filing said.

She is currently the director for retail and innovation at Berjaya Corp., the filing said.

Combine Will International

Combine Will International said Friday Tam Jo Tak, Dominic, age 66, would step down as CEO, effective Saturday, to separate the positions of CEO and executive chairman for enhanced corporate governance and more balanced control and management.

Tam was appointed to the role in 2007, the company said in a filing to SGX. Tam owns 57.14 percent of DJKS Holdings, a controlling shareholder of Combine Will, a filing said.

Chiu Hau Shun, Simon, age 61, will be appointed CEO, effective Saturday, a filing said. Chiu is currently an executive director of Combine Will, a role he was appointed to in 2007, and a director of DJKS Holdings, in which he holds 14.29 percent, a filing said.

The company said that Li Hin Lun, Alan, age 57, would cease to be chief operating officer, effective Saturday, after expressing a desire to retire from his active executive role. He was appointed to his position in 2016, the company said in a filing to SGX.

Xu Yufeng, age 37, will be appointed as chief operating officer, effective Saturday, Combine Will said.

Prior to the appointment, Xu Yufeng was the group head of production excellence Center for Combine Will Industrial Co., and general manager (production) for PT Combine Will Industrial Indonesia, a filing said.

 

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