Chemical Industries appoints chief executive officer

MAINBOARD-listed Chemical Industries (Far East) has appointed Yeo Sze Chiat as its chief executive officer (CEO) effective Sep 1, the company said in a bourse filing on Tuesday (Aug 23) evening.

In a statement, the manufacturer of chemicals said Yeo has over 20 years of business and operations experience in multinational companies (MNC) in the chemical industry.

He has held various regional leadership responsibilities in business management and operations; his last appointment was as director and regional lead responsible for business development project management in the Asia-Pacific for German-based chemical MNC, BASF South-east Asia.

The company, which said that it had undertaken a rigorous selection process through an international executive search firm, added: “Mr Yeo’s extensive involvement in the chemical industries space and his leadership role in MNCs will help to bring more structure and focus on growing Chemical Industries Limited.”

Chng Hee Kok, the company’s interim CEO, will remain on board for a short period to ensure a smooth transition of leadership. The company thanked him for leading it “through a watershed period” as it made the transition to being a professionally managed organisation.

Shares in the company last traded at S$0.74 on Aug 19.