Norman Ip to step down as Great Eastern's non-executive, non-independent director
Add BT as a preferred source
GREAT Eastern Holdings G07 on Friday (Feb 25) announced that Norman Ip will step down from his role as a non-executive, non-independent director of the board on Feb 28, a position he has held for more than 9 years.
The 69-year-old is also a member of the group's nominating and risk management committees, said the group in a filing to the Singapore Exchange.
According to Great Eastern Life's website, Ip was first appointed to the board on Mar 5, 2010, and was last re-elected as a company director on Apr 18, 2019.
He served as Great Eastern's acting group chief executive officer from Jul 1, 2014 to Nov 1, 2015, and is also a director of a number of Great Eastern's principal insurance subsidiaries, including Great Eastern Life and Great Eastern General Insurance.
Ip is also the chairman of a number of Great Eastern's Malaysian subsidiaries.
Shares of Great Eastern ended Friday at S$20.65, down 0.6 per cent or S$0.12.
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
Firm loses wrongful dismissal case despite following termination clause
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation
Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ
