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SingPost must quickly find a new group CEO to deliver it from its troubles

SingPost must quickly find a new group CEO to deliver it from its troubles

By Swedan Margen

Fashion

The postal-service provider’s road map following the sale of its Australian unit would shape the slate of candidates and its final pick of helmsman

NATIONAL postal-service provider Singapore Post (SingPost) is facing a slew of challenges. And, without a leader at the helm, it could be tough for the group to navigate its way out of its troubles.

SingPost said last week that it would lay off 45 employees “in the coming months” in a move to restructure the company amid prolonged macroeconomic challenges, including intense competition.

The news came just two weeks after it announced the exit of its Singapore chief executive officer (CEO), Shahrin Abdol Salam.

That was the fourth departure among SingPost’s senior executives in two months.

In late December 2024, group CEO Vincent Phang, group chief financial officer (CFO) Vincent Yik, and CEO of international business unit Li Yu, were fired over the alleged negligence in the handling of internal investigations into a whistle-blower’s report.

Copyright SPH Media. All rights reserved.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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