SIA’s Chin Yau Seng to helm SIA Engineering from October as CEO Ng Chin Hwee retires
SIA Engineering Company (SIAEC) announced Monday (Apr 3) that chief executive officer Ng Chin Hwee, 62, will step down from his role in the company on Oct 1.
Ng was appointed CEO of SIAEC in April 2020, and had guided the aircraft maintenance, repair and overhaul (MRO) services provider through the Covid-19 pandemic.
The mainboard-listed company will appoint Chin Yau Seng, the senior vice-president of Singapore Airlines’ (SIA) cargo division, as CEO-designate with effect from Jun 1.
Chin will take over the helm from Ng when the latter retires in October.
In a bourse filing, SIAEC said Chin, 51, is well-suited for the role as its next CEO given his extensive experience in aviation, business and operations.
The board also recorded its deep appreciation of Ng’s contributions to the company.
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SIAEC chairman Tang Kin Fei noted that during his term as CEO, Ng and the senior management team swiftly minimised disruptions to the company’s operations, maintained service delivery and introduced new service offerings to support SIAEC’s customers.
Meanwhile, SIA said Marvin Tan, the senior-vice president of its customer services and operations division, will replace Chin as senior vice-president of cargo.
In separate filings on Monday, SIA also announced changes to other key management positions.
Mak Swee Wah, 62, will be appointed SIA’s chief operations officer from Jun 1, while Lee Lik Hsin, the executive vice-president of commercial, will step up as SIA’s chief commercial officer.
Shares of SIA rose 1.1 per cent or S$0.06 to close at S$5.79 on Monday, prior to the announcements, while shares of SIAEC climbed 1.3 per cent or S$0.03 to S$2.28.
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