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SIA board chairman Stephen Lee to be succeeded by deputy
SINGAPORE Airlines (SIA) announced on Friday its deputy chairman will take on the role of chairman of the SIA board on Jan 1, 2017.
In a statement, the national carrier said the reshuffle will involve current board chairman Stephen Lee Ching Yen stepping aside for deputy Peter Seah Lim Huat to succeed him at the beginning of next year.
Mr Lee will retire from the board at the same time but will continue in his role as chairman of subsidiary SIA Engineering Company.
"I am proud of what we have achieved with the unwavering support of my fellow Board members, a strong management team, employees who are always striving to better meet the needs of our customers and unions which work with management as partners, rather than adversaries," Mr Lee said.
Mr Seah is a 30-year veteran of the financial industry. He retired from the former Overseas Union Bank as vice-chairman and CEO in 2001 and joined Singapore Technologies as president and CEO the same year, serving for three years.
He joined the SIA board on Sept 1, 2015.
"I look forward to building on the work that Stephen has overseen during his time as chairman and to better position the group for the future," Mr Seah said.
CEO Goh Choon Phong said without the invaluable guidance of Mr Lee and the rest of the board, SIA would not be in the strong position that they are in today.
"I very much look forward to working with Peter and the rest of the Board as we take this great company to the next phase of its development," he said.