SingPost hires UPS’ Li Yu as CEO of international business

SINGPOST has named Li Yu of United Parcel Service (UPS) as the new chief executive officer (CEO) of its international business with effect from Monday (Sep 12).

Yu joins SingPost with over 17 years of experience spanning engineering, operations, project management, customer/sales support, strategy and technology implementation. He has lived and worked in North America, Shanghai and Singapore, and holds a Bachelor of Applied Science, Industrial Engineering degree from Canada’s University of Toronto.

In his new role at SingPost, he will be responsible for establishing long and short-term business strategies for the group’s international businesses while strengthening corporate and board governance with a focus on operational excellence, transformational growth, social responsibility and sustainability.

Yu was most recently vice-president of logistics and distribution for Asia-Pacific at UPS, where he oversaw all aspects of the American multinational logistics company’s distribution operations. He also led a cross-functional team managing customer engagement, technology, innovation, engineering, marketing and strategy.

According to his LinkedIn profile as of Monday, Yu had been with UPS since 2005, where he started out as a manager in training at the industrial engineering department in Ontario, Canada.

SingPost in a Monday press statement highlighted Yu’s experience in transformational P&L (profit and loss) as well as commercial leadership.

SEE ALSO

SingPost Q1 operating profit falls 47% on higher costs, post and parcel weakness

SingPost to ‘defend itself’ in arbitration over share purchase dispute; financial impact not known yet

Brokers’ take: CGS-CIMB lowers SingPost target on Q1 operating loss guidance

SingPost issues S$250m in perpetual securities at initial rate of 4.35% per annum

More

DECODING ASIA

Navigate Asia in
a new global order

Get the insights delivered to your inbox.

“We believe that with his wealth of experience, Li Yu can bring positive changes and expand SingPost’s footprint across the globe,” said SingPost group CEO Vincent Phang.

According to the group, Yu led an e-commerce portfolio as part of the broader logistics line of business. In his previous roles he also grew businesses including those in the e-commerce, healthcare, manufacturing and retail sectors.

Shares of SingPost closed flat at S$0.585 on Monday.