Gardenia bread-maker QAF appoints Philip Yeo as independent non-executive director

FOOD manufacturer and distributor QAF Limited on Monday (Oct 31) said it has appointed Philip Yeo as an independent non-executive director.

Yeo, a former top civil servant who currently chairs investment firm Economic Development Innovations Singapore, is most known for his role in helping to develop Singapore’s economy when he led the Economic Development Board (EDB) and Agency for Science Technology and Research (A*Star).

He currently holds appointments in more than 20 companies, including Accuron Technologies and City Developments Limited.

QAF, the company behind Gardenia bread, said the appointment was made after taking into account Yeo’s “extensive global experience and network” and public and private sector experience in a variety of industries, among other factors.

The appointment takes effect Tuesday.

QAF shares closed flat at S$0.80 on Monday.