ComfortDelGro appoints Mark Greaves as new chairman after Lim Jit Poh
Yong Hui Ting
MAINBOARD-LISTED ComfortDelgro on Friday (Apr 28) appointed Mark Greaves as its new chairman of the board. Outgoing chairman Lim Jit Poh stepped down on the same day after 20 years in the role.
Greaves joined the taxi operator group in 2020. Before that, he spent 25 years with global merchant banking group, N M Rothschild & Sons, and later left to set up his own corporate consulting and strategic advisory practice.
Along with his new appointment, Greaves will also chair the company’s nominating and remuneration committee, the investment committee and be appointed a member of the sustainability committee.
Meanwhile, Lim was conferred the title of chairman emeritus by the board, in recognition of his decades of services to the group, said ComfortDelGro in a statement.
In his last address as chairman, Lim described his tenure as chairman as a “long and beautiful journey” which has come to an end.
“I am very grateful to the board for conferring on me the title of chairman emeritus in the recognition of my services. I shall now watch the group’s future development with interest and non-participation and non-involvement from the sidelines,” he said.
BT in your inbox
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Managing director and group chief executive officer Cheng Siak Kian said that founding chairman Lim had played “an instrumental role in laying ComfortDelGro’s strategic foundation, ensuring that we stayed focused on our core business of land transport”.
He described 83-year-old Lim as a “consummate professional” who always had the company on his mind, who always kept himself appraised of all the latest developments in the industry and in the business.
“He is the very epitome of lifelong learning and I have great respect for that,” Cheng added.
Separately, the company on Friday also announced a newly-created deputy chairman role, following new changes which limit an independent director’s tenure to a maximum of nine years.
The role was assumed by Choi Shing Kwok, who joined the company’s board in 2022. Choi was previously the permanent secretary of the Ministry of Transport from 2005 to 2012 and is currently chief executive of the Iseas-Yusof Ishak Institute and chairman of SP Services.
Copyright SPH Media. All rights reserved.
