UG Healthcare to appoint new CEO
EXAMINATION glove manufacturer UG Healthcare will have a change in its chief executive, as current CEO Ang Beng Teck retires.
In an exchange filing on Wednesday, the group said that Mr Ang, 69, will not offer himself for re-election as director at its annual general meeting on Oct 19. He will also relinquish his CEO position that same day.
Meanwhile, non-executive director Lee Keck Keong, a co-founder of the group, will be re-designated as executive director, and be appointed as CEO on Oct 19. Mr Lee, 62, is the father of the firm's executive directors Lee Jun Yih and Lee Jun Linn.
Mr Ang, who was appointed to his current position in September 2014, holds 28.1 million shares in UG Healthcare. He will assume an advisory role in the group following his retirement to facilitate the transition.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone