Tan Beng Hai and Fang Ai Lian, who were both appointed to the board on Oct 10, 2016, will retire from the board of directors of SingPost and step down from their respective roles as chairman of the compensation committee, and the lead independent director respectively.
In addition, non-executive, independent director Kong Sau Wai, Elizabeth, will also step down. She was also appointed on Oct 10, 2016.
Gan Chee Yen is to be appointed as the new lead independent director in place of Fang Ai Lian.
The board of directors of SingPost now comprises of Teo Swee Lian, chairman and non-executive and non-independent director; Gan Chee Yen, non-executive and lead independent director; Chng Lay Chew, non-executive and independent director; Chu Swee Yeok, non-executive and independent director; Gan Siok Hoon, non-executive and non-independent director; Ng Chin Hwee, non-executive and independent director and Yasmin Binti Aladad Khan, non-executive and independent director.
See also: KSH raises $8.67 million placing out treasury shares at 30.5 cents each
Shares in SingPost closed 1.5 cents higher or 2.344% up at 65.5 cents on July 23.
