SingPost Chairman to step down
Lim Ho Kee has announced his intention to step down from his position as the Chairman of Singapore Post (SingPost). Lim informed the Board of Directors today (1 April) of his intention to step down as Chairman on 10 May, when the company’s full year results are expected to be announced, and to then step down as a director at the Annual General Meeting (AGM) in July.
In his letter to the Board, Lim said: “It has been a long and satisfying journey since our IPO in 2003, we can all be proud of what SingPost has achieved. Among postal companies, I believe we stand out as a successful model of transformation.”
Lim said that he has agreed to make himself available to transition his role and provide guidance to the Board.
The Board issued its own statement, saying: “It is difficult to think of SingPost without Lim Ho Kee. He has been at SingPost’s helm since its IPO in 2003. Mr Lim is a visionary and has championed SingPost’s transformation into the iconic institution it is today with its global footprint. He has deftly balanced shareholder value and stakeholder interest, even engaging directly with unions to ensure staff welfare.”
The Board has unanimously agreed to appoint Board member Professor Low Teck Seng as Chairman from 10 May, subject to regulatory approval.
As previously reported, in December Dr Wolfgang Baier announced his intention to step down from his position of Group CEO at SingPost.