PACC Offshore Services announces changes to management team

OFFSHORE marine services provider PACC Offshore Services Holdings (POSH ) is shaking up its management team.

It said on Monday in a filing to Singapore Exchange that, with effect from Jan 1 next year, there will be a newly created post of deputy chief executive officer, while a new chief financial officer will be appointed.

Its deputy chief executive officer will be its current chief operating officer, Lee Keng Lin.

Mr Lee will assume full responsibility for day-to-day commercial and operational activities while he continues to work with chief executive officer Gerald Seow to develop and execute strategic growth plans for the group.

Separately, deputy chief financial officer Michael Lim Han Boon will become chief financial officer.

In his new role, Mr Lim will oversee the group's finance functions, including corporate finance, treasury, risk management, capital management and investor relations.

He will succeed current chief financial officer Thai Kum Foon, who will join POSH's parent group, Kuok (Singapore), as group chief financial officer effective Jan 1, 2017. Ms Thai will work closely with Mr Lim and the management team at POSH during this handover period to ensure a seamless transition, said the release.