Neil McGregor to succeed Tang Kin Fei as Sembcorp group president and CEO

SEMBCORP Industries on Tuesday said that its group president and CEO, Tang Kin Fei, will retire on March 31, 2017 after 30 years with the group.

He will be succeeded by Neil McGregor with effect from April 1, 2017. Mr Tang will remain as an adviser and non-executive director on the board of Sembcorp until May 31, 2017.

Mr Tang, who has led Sembcorp as group president and CEO since 2005, has been instrumental in the growth and development of Sembcorp into a global energy, water, marine and urban development group, Sembcorp said.

His successor, Mr McGregor, is well-known in the local industry and a director on Sembcorp Industries' board. He has an extensive international track record in the energy and infrastructure sectors, as both a portfolio manager and as an operating CEO. He was previously the CEO of Singapore LNG Corporation and managing director of YTL PowerSeraya.

Currently, Mr McGregor is senior managing director and head of energy & resources at Temasek International - a post which he will leave on March 31, 2017.

Sembcorp's stock ended one Singapore cent lower at S$2.91.