SingPost's CEO Wolfgang Baier resigns

Singapore Post Limited (SingPost) has announced the resignation of Wolfgang Baier, group chief executive officer (GCEO).

Baier will support a handover until 30 June 2016 or earlier. SingPost is now looking for a GCEO both internally and externally.

He joined SingPost as chief executive officer (International) in February 2011 to oversee the development of SingPost's international wing.

In October 2011, he was appointed GCEO to lead SingPost in a crucial stage of its transformation. While transforming the business and expanding into the region, he together with the SingPost team continued to focus on innovating and improving the service quality and productivity of the core postal services and property portfolio.

As part of the transition plan, with effect from 1 January 2016, deputy chairman Goh Yeow Tin will be appointed an executive director for a period of 12 months. He will oversee the group's post-merger integration activities, the business and operations in Singapore. Mervyn Lim, deputy GCEO (Corporate Services), will cover the work of the GCEO.

During this period, SingPost chairman, Lim Ho Kee will step up his involvement to provide management with more time and guidance over and above the normal oversight of the role as SingPost continues accelerating its transformation – a journey which began more than a decade ago, in the face of declining letter mail volume.

Lim said: "The Board appreciates and thanks Wolfgang for his leadership and role in accelerating SingPost's transformation. Under Wolfgang's leadership and great team effort, SingPost has been established as a regional leader in eCommerce logistics business, with a strong focus on digitising our business."

"We are happy to have provided guidance to him and the SingPost team with creating an ecosystem to support the fast evolving digital and eCommerce logistics business in the region. We wish Wolfgang every success in his new endeavours."

Baier said: "It has been an exciting journey with the entire SingPost team as we stepped up SingPost's transformation from a domestic mail player to a regional eCommerce logistics leader. I am thankful to the Chairman and Board for entrusting me and the team to lead SingPost's accelerated transformation and our pioneering efforts in creating an end-toend eCommerce logistics platform, over the last five years."

"The Board also guided our team's tremendous joint efforts in upgrading SingPost's core business, with our people and front-liners at the centre. I am moving to new endeavours and will ensure a smooth handover before I leave."