StarHub CEO is departing at pivotal time for telco
Not just StarHub, but the entire telco sector, is under siege in the digital revolution. StarHub has to show its investors it has a growth plan
Singapore
THE sudden departure of a chief executive officer (CEO) without a successor in place can be worrisome. Outgoing executives often cite "pursuit of own interests" as a neutral reason to explain their departure, but this belies the real concerns over the future of the company and the industry.
Everyone knows it has been tough for telcos lately, with nascent technologies and new entrants threatening their traditional cash cows, but few expected StarHub to announce on Friday that its CEO, Tan Tong Hai, would be leaving the telco in May next year, after nearly five years at its helm.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results