SBS Transit chairman Lim Jit Poh to step down; successor yet to be revealed
SBS Transit chairman Lim Jit Poh is stepping down from the position, with his successor yet to be revealed, The Straits Times reported on Wednesday evening.
SBS Transit spokeswoman Tammy Tan told The Business Times that Mr Lim will not stand for re-election at the public transport operator's upcoming annual general meeting on April 29, but declined to comment further.
Mr Lim, 81, has been chairman of SBS Transit since 2003. A former civil servant, he became chairman of taxi operator Comfort Group in 1999. He then became chairman of ComfortDelGro when it was formed by the merger of Comfort and Delgro Corp in 2003, as well as its unit SBS Transit. He has also been chairman of ComfortDelGro vehicle testing unit Vicom since 1985.
The Straits Times reported that, to its understanding, Mr Lim will remain chairman of ComfortDelGro and Vicom for now, but will retire from those positions in the next couple of years.
Sources said he had planned to retire two years ago, but decided to stay on after the Covid-19 pandemic hit, said The Straits Times.
During his tenure as chairman, SBS Transit moved from being a bus operator to operating MRT lines as well, when it clinched the rights to operate the North-east Line in 2003, and then the Downtown Line in 2011.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month