SINGAPORE-LISTED offshore services provider Vallianz Holdings has announced the cessation of its CEO, Yeo Chee Neng, and chief financial officer, Phoon Kim Sin, as well as the appointment of a new CEO, Ling Yong Wah.
Mr Ling had joined Vallianz in March 2014 as an executive director. Prior to that, in April 2000, he had joined SEAVI Advent Corporation, a Singapore-based private equity firm focused on mid-market buyouts in the Asia-Pacific region. In August 2013, he left SEAVI as a partner of the firm.
Mr Yeo has been re-designated as a non-executive director and vice chairman of the company, and Mr Phoon as director.
Vallianz has also announced the appointment of Wong Leong Jeam as a non-executive and independent director of the company, and a member of the audit, remuneration and nominating committees.
All changes took effect from Tuesday.