Seatrium chief financial officer resigns, to be replaced by strategy EVP

[SINGAPORE] Seatrium has appointed Stephen Lu, its executive vice-president (EVP) for strategy, as its new chief financial officer (CFO).

Lu, whose new role will take effect from Apr 29, will continue to concurrently serve as EVP for strategy, the company said in a bourse filing on Friday (Apr 25).

This follows the resignation of Seatrium’s current CFO, Adrian Teng, who is leaving to pursue personal interests, the company said.

Lu has more than 15 years of experience in strategy, mergers and acquisitions, and corporate finance with a focus on energy and infrastructure industries, the company said.

Prior to joining Seatrium in May 2024, he was director of the portfolio development group at Temasek, where he worked with its portfolio companies on strategic transformation, corporate restructuring and operational improvements.

Before Temasek, Lu was a management consultant at Boston Consulting Group.

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Chris Ong, chief executive of Seatrium, said: “Stephen’s deep business and financial expertise will greatly support Seatrium’s next phase of growth and transformation.”

Shares of Seatrium closed 1.6 per cent or S$0.03 higher at S$1.96 on Friday, before the announcement.