Subscribers

CEO McGregor passes SLNG baton to Ng

Changeover will take effect by the year-end; extensive search for new chief executive started a year ago

Singapore

AS PART of a planned succession, the CEO of the recently started Singapore LNG (SLNG) terminal, Neil McGregor, has decided to step down and pass on his four-year stewardship of the multi-billion dollar facility to incoming CEO-designate John Ng by year-end.

The move comes "after an extensive search process that commenced a year ago", the SLNG board said yesterday.

This confirms market speculation over the past few months that some big changes were afoot in the power/energy sector. Mr Ng resigned as CEO of YTL PowerSeraya on Wednesday, a post he has held since April 2009 and after 30 years with the second-largest genco. Coincidentally, he had earlier succeeded Mr McGregor as PowerSeraya's...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes