YTL PowerSeraya appoints new chief executive

[SINGAPORE] Singapore's second-largest generating company, Malaysian-owned YTL PowerSeraya, has appointed a new CEO, reinforcing market talk of an impending round of management changes in the power-energy sector here.

Under the leadership transition at the 3,300-megawatt genco, the group announced yesterday that Chan Swee Huat, senior vice-president of PetroSeraya, its trading and fuel management arm, is its new genco CEO.

He takes over from John Ng, who will remain as an adviser to the board of directors until the end of November when he will leave to pursue a new role.