Yeo Hiap Seng appoints new COO
BEVERAGE manufacturer Yeo Hiap Seng : Y03 0% (Yeo’s) on Thursday (Aug 25) announced that it has appointed Ong Yuh Hwang as its chief operating officer (COO).
In a bourse filing after market hours, the company said Ong will take on his new role from Sep 5. He will assist the group chief executive officer in managing the group’s operations and in executing its strategic plans.
Ong was last chief executive officer at Suntory Garuda Beverage Indonesia, and has also held positions in Procter & Gamble previously.
In May, the mainboard-listed company announced that its chief finance officer Chan Ying Jian, as well as its Malaysia, Indonesia and Brunei chief executive officer Jerson Go Uy had tendered their resignations.
Both were leaving to pursue other opportunities.
Shares of Yeo’s last traded flat at S$0.80 on Thursday, before the announcement.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
ST Engineering bags more than S$175 million in contracts to upgrade Singapore’s public bus fleet
ING unveils 2.5 billion euros buyback as profit beats estimates
Prosper Cap halts operations at UK hotel after fire breaks out
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion
Banking giants race to Riyadh as MBS steps up pressure campaign