SINGAPORE (May 26): Singapore Press Holdings is appointing former Neptune Orient Lines (NOL) chief executive Ng Yat Chung as its new CEO.

Ng will replace current CEO Alan Chan while deputy CEO Patrick Daniel will retire, the media and property group announced on Friday.

Chan, 64, is retiring after 15 years at the company to allow for renewal of the company's management and board, said SPH. His exit will be effective on Sept 1, 2017.

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