SingPost announces new Chairman
Singapore Post Limited (SingPost) has announced that Simon Israel will be its new Chairman, with effect from 11 May. As Israel will be a non independent Chairman, the Nominations Committee will appoint the Lead Independent Director shortly.
Commenting on his appointment, Israel said: “I thank the management and employees of SingPost for continuing to drive business performance and transformation while issues concerning the governance and leadership of SingPost are being resolved. My immediate priorities are to lead the Board through the completion of the Corporate Governance Review, review board composition and appoint a new Group CEO.”
Israel, 63, is Chairman of Singtel and a Director of CapitaLand Limited, Fonterra Co-operative Group Limited and Stewardship Asia Centre Pte. Ltd. He is a member of the Governing Board of Lee Kuan Yew School of Public Policy and Westpac’s Asia Advisory Board. Mr Israel was formerly Chairman of Asia Pacific Breweries Limited.
He was an Executive Director and President of Temasek Holdings (Private) Limited before retiring on 1 July 2011. Prior to that, he was Chairman Asia Pacific of the Danone Group.
Israel has also held various positions in Sara Lee Corporation before becoming its President (Household & Personal Care), Asia Pacific.
Lim Ho Kee will not seek reappointment as a director at SingPost’s 2016 AGM after serving as Chairman for the past 13 years. He oversaw the IPO of SingPost on the Singapore Stock Exchange in 2003.
