Executive moves: Viking Offshore

An oil rig platform. Photo by Galen Crout on UnsplashAn oil rig platform. Photo by Galen Crout on Unsplash

Singapore companies announcing executive changes: Viking Offshore and Marine.

Viking Offshore and Marine

Viking Offshore and Marine said Friday Ng Yeau Chong, age 55, would cease to be CEO and executive director of the company, effective 1 June, as he resigned from those roles due to the company diversifying into new businesses. Ng, who was appointed to the role in 2018, had resigned by mutual agreement with the company as a new CEO has been appointed, the company said in a filing to SGX.

Ng, who owns 30,800 shares of the company, will remain an employee of Viking Offshore, and will continue to manage the operations and businesses of certain subsidiaries, the company said.

Appointed new CEO

Separately, Viking Offshore said it appointed Ong Swee Sin, age 37, as CEO, effective 1 June. Ong has been an executive director of the company since January 2022, and was a project manager at VK Kinetic from November 2021 to January 2022, as well as the chief corporate and compliance officer at Togl Technology from February 2020 to July 2021, the filing said.

Ong has a deemed interest in 16.34 million Viking Offshore shares as the sole shareholder of Synergy Supply Chain Management, the filing said.

Chief financial officer resigns

In a separate filing, Viking Offshore said Law Ren Kai Kenneth, age 38, would cease to be chief financial officer, effective 1 June, as he resigned to pursue other career opportunities as the company’s diversification would require the head of finance to spend “a considerable amount of time overseas.”

Law, who was appointed to the role in 2016, has agreed to act as an advisor to the company through end-September, the filing said.

Cheong San Wai, age 60, was appointed group head of finance, effective 1 June, Viking Offshore said.

Since February 2022, Cheong has been the group financial controller, and was the financial controller at Sophistech Advance from November 2021 to January 2022, and the financial controller at Togl Technology from March 2020 to August 2021, the filing said.