Mediacorp names new chairman

Mediacorp has named Ernest Wong as a board director and chairman-designate. Wong served as Mediacorp’s group chief executive officer and board director from October 2000 to September 2005. Prior to that, he was a non-executive director of its board from April 1994 to September 2000.Wong (pictured) will assume the position of chairman at Mediacorp’s annual general meeting in July 2016, succeeding Teo Ming Kian. A veteran banker since 1972, Wong was United Overseas Bank Group president and Board Member from 1990 to 2000 when he left to join Mediacorp as its Group CEO. Before 1972, he worked for five years with Singapore’s Economic Development Board and the Ministry of Finance.Currently, Wong chairs Temasek Holdings’ wholly owned subsidiary, Fullerton Financial Holdings, which invests in and operates financial institutions in emerging markets.“Wong is best suited to take over as chairman of Mediacorp,” said Teo. “His past experience as CEO and director of the company – especially in driving crucial decisions during some challenging years – places him well to guide the Management in navigating an increasingly complex media landscape. I am sure that Mediacorp will continue to thrive under Ernest’s stewardship.”With Teo helming the board, Mediacorp broke down traditional silos and cultivated a Whole of Mediacorp (WOM) mindset to better engage, entertain and enrich its audiences. He instilled a culture of innovation across the company and nurtured intrapreneurship, encouraging risk-taking and innovation among its employees.With Teo’s guidance, Mediacorp embarked on The Mediapreneur incubator programme, nurturing 10 start-ups that potentially offer a strategic fit with Mediacorp’s businesses in the face of disruptive technologies and business models