Wolfgang Baier abruptly quits SingPost
Move sparks speculation that the postal services chief may have been poached by a global firm in a similar space
Singapore
OVERNIGHT delivery: shock resignation from local corporate darling. Singapore Post's (SingPost) head honcho Wolfgang Baier said on Thursday evening that he was quitting the mainboard-listed company, catching investors by surprise and leaving the group scrambling to name a successor.
His abrupt move has sparked speculation that Dr Baier, known for transforming SingPost from a staid mailman into an e-commerce logistics player, may have been poached by another global firm in a similar space.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard