Creative Technology CEO Freddy Sim to step down for health reasons; Tan Jok Tin will serve as interim CEO
The board will conduct a search for a new CEO
Add BT as a preferred source
[SINGAPORE] The chief executive officer of Creative Technology, Freddy Sim, will step down from his role on Jul 11 for health reasons, shortly after taking on the top job in May.
The board will look for a new CEO, Creative said in a bourse filing on Monday (Jun 30).
During the transition, Creative’s executive chairman Tan Jok Tin will be the interim CEO.
Sim, 67, will remain as a non-executive, non-independent director at the company, Creative said.
He is the younger brother of Sim Wong Hoo, Creative’s late founder, who died in January 2023.
Shares of Creative Technology closed 4.7 per cent or S$0.04 lower to S$0.80 on Monday, prior to the news.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?
