Singapore Press Holdings has named Ng Yat Chung as executive director and CEO with effect from 1 July 2017. This comes as chief executive officer of SPH, Alan Chan Heng Loon retires from the company in September this year, after 15 years with SPH.
Meanwhile, Patrick Daniel, will also retire and step down as deputy chief executive Officer from 1 September 2017. He will continue as a part-time consultant and assist Ng in managing some SPH subsidiaries and projects. Anthony Tan, will remain as deputy chief executive officer in SPH, taking charge of both the English, Malay and Tamil Media Group and the Chinese Media Group, amongst other responsibilities.
Ng is currently an independent director of SPH and chairs the Board Risk Committee and is a member of the executive committee and the remuneration committee. He was special advisor of Neptune Orient Lines (NOL) from 9 June 2016 to 26 May 2017. Prior to that, he was NOL’s group president and CEO from 1 October 2011 and its executive director and CEO Designate from 1 May 2011 to 30 September 2011. Andrew Lim, an independent director of SPH will replace Ng as the chairman of the Board Risk Committee with effect from 1 July 2017.
Chan joined SPH as group president and director on 1 July 2002 and became CEO on 1 January 2003. Prior to joining SPH, he was permanent secretary of the ministry of transport. Chan was also previously permanent secretary, ministry of communications and info technology (1999-2001), deputy secretary, ministry of foreign affairs (1997-1999) and principal private secretary to senior minister (1994-1997).
Lee Boon Yang, chairman of the SPH Board, said: “Chan has served SPH with great distinction in the last 15 years.”
He added that under his leadership, SPH expanded its core media business to multiple platforms across print, digital, radio and outdoor and from a handful of magazine titles to more than 100 titles today.
“From just a media company, SPH now has a portfolio of retail and commercial properties and had established a real estate investment trust about four years ago, runs an exhibitions and events business in Singapore and the region, and has entered the healthcare industry. We have to credit all these milestone achievements to Chan’s stewardship. I would also like to thank Daniel for his 30 years of service to SPH,” Lee said.
“I am confident that Ng will provide far-sighted and effective leadership for SPH. He will work closely with Deputy CEO Anthony Tan and the Group Management Team to tap new ideas and initiatives to steer SPH to greater heights.”