SingPost group CEO resigns
While his resignation as a director took place with immediate effect from Monday, he will remain as group CEO until Aug 31 this year or earlier to support a handover.
The group’s board chairman Simon Israel will provide guidance to, and exercise oversight of, the senior management leadership team in the interim.
In the media statement, it was noted that the SingPost Board and Mr Coutts agreed that a leadership renewal would happen in 2021, a process that had already begun with the Board considering internal and external candidates to replace Mr Coutts.
The group said it would announce the appointment of a new group CEO in due course. In the meantime, it noted that it will “continue to execute its strategic road map, and the board has confidence in the remaining leadership team to do so”.