Lim Ho Kee (left), chairman of post and parcel delivery provider Singapore Post (SingPost), has unveiled his intentions to step down as chairman on May 10, 2016, and as a company director at the annual general meeting (AGM) on July 2016.
Lim has attributed his decision to growing family commitments but has agreed to make himself available to help transition his role and provide guidance to the board. Since the announcement, the SingPost board has unanimously agreed to appoint professor Low Teck Seng as chairman from May 10, 2016, subject to regulatory approval.
In a letter to the board of directors, Lim said, “The issue of board renewal has been on my mind for the last few years. Some of you would be aware that I have been planning to step down now for almost three years but had felt compelled to stay and guide management.
“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.
“The SingPost Board is one of the hardest working boards around. I wish to thank each and every one of you for your unstinting support and commitment over the years. SingPost is well on its way to be a globally competitive player in the area of end-to-end e-commerce. Every one of you has solidly contributed to the success of SingPost.”
A statement from the board read, “He has led us with not just his great intellect and business acumen, but also with his heart. 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.”
April 4, 2016
