ComfortDelGro to appoint new chairman and deputy chairman in April
COMFORTDELGRO is set to appoint Mark Christopher Greaves as chairman and Choi Shing Kwok as deputy chairman in April, replacing pioneer chairman Lim Jit Poh.
The appointments of Greaves and Choi are contingent on their re-election as directors at the group’s next annual general meeting of shareholders on Apr 28. Lim, who has chaired the multinational transport group since its formation 20 years ago, will be retiring that day.
Greaves, 66, is an independent director of the home-grown group and sits in its audit and risk, nominating and remuneration, and investment committees. An economics graduate from the University of Cambridge, he spent the first 25 years of his career with merchant banking group N M Rothschild & Sons. He joined the ComfortDelGro board in 2020.
Choi, 64, joined the ComfortDelGro board in 2022. He is an independent director sitting in its audit and risk, nominating and remuneration, and sustainability committees.
The engineering graduate from Cambridge is chief executive of the Iseas-Yusof Ishak Institute, and chairman of energy services company SP Services.
A former brigadier-general with the Singapore Armed Forces, Choi was a long-time senior civil servant. He was the permanent secretary of the then-Ministry of the Environment and Water Resources for five years. Before that, he was the Transport Ministry’s permanent secretary for seven years.
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If appointed, Choi will be ComfortDelGro’s first deputy chairman.
Outgoing chairman Lim will be the last of ComfortDelGro’s long-serving directors. New rules introduced by the Singapore Exchange early this year limits the tenure of independent directors of listed companies to nine years. He will be taking up the honorary role of emeritus chairman after his retirement.
The ComfortDelGro board currently has 11 directors, including four women. It recently renewed its senior management. In January, veteran chief executive officer (CEO) Yang Ban Seng, 66, was succeeded by group deputy CEO Cheng Siak Kian, 53.
Yang, who has retired, had been with taxi operator Comfort Group since 1989 – well before its 2003 merger with DelGro, a property developer and holding company of bus operator SBS.
His successor Cheng also relinquished his role as group CEO of majority-owned bus and rail operating subsidiary SBS Transit. Replacing him was Jeffrey Sim, 47, who previously helmed its rail division. THE STRAITS TIMES
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