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...