Seatrium's chief financial officer, Adrian Teng, has resigned from his role to "pursue his personal interests", the group announced on April 25.
Teng, who was appointed to the role on Jan 1, 2024, will step down on April 28.
Seatrium's executive vice president (EVP) for strategy, Dr Stephen Lu, will be appointed the group's new CFO with effect from April 29. Lu will continue to serve as EVP for strategy at the same time.
According to Seatrium, Lu comes with over 15 years of experience in strategy, mergers and acquisitions, as well as corporate finance with a focus on energy and infrastructure industries.
He was previously the director of the portfolio development group at Temasek. Before Temasek, Lu was a management consultant at the Boston Consulting Group.
Before joining Seatrium, Teng held roles in Clifford Capital Holdings Management Services and Singapore-listed Jardine Cycle & Carriageamong other firms.
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"I would like to thank Adrian for his invaluable contributions during his time with us. On behalf of the Group, I formally welcome Stephen to his new role. Stephen's deep business and financial expertise will greatly support Seatrium's next phase of growth and transformation," says Chris Ong, CEO of Seatrium.
Shares in Seatrium closed 3 cents higher or 1.55% up at $1.96 on April 25.
