Peter Seah is taking over as the new National Wages Council (NWC) chairman. He succeeds Professor Lim Pin who was chairman of the NWC from 2001 to 2014.
Mr Seah served as deputy chairman of the 2014/2015 NWC. He is currently the chairman of DBS Group Holdings and DBS Bank, and also serves as the chairman of Singapore Health Services Pte Ltd and LaSalle College of the Arts Limited.
The Ministry of Manpower expressed its deep appreciation to Professor Lim Pin for his leadership of the NWC over the years, and for furthering the strong spirit of tripartite trust and cooperation between employers, unions, and the government, in a statement on Monday.
Minister for Manpower Tan Chuan Jin said: "I thank Prof Lim for his leadership and guidance as Chairman of the NWC. Through tripartite partnership, the NWC continues to play an important role in guiding sustainable wage adjustments for Singaporeans. Mr Peter Seah has a wealth of experience and a distinguished record of service, and I am confident in his chairmanship of the important work of the NWC."