SMRT CFO Lim Cheng Cheng resigns

The CFO and Executive Vice President's resignation is the fourth senior level departure since last November.

DBS reported, Ms Lim has been with SMRT since July 2007, and was given additional roles on top of her current in the recent organisational changes of key management effective 1 Mar 2011

So far, no replacement has been announced. DBS believes there should not be major impact with respect to SMRT's operations given its established track record and processes, but with the seemingly high level of senior executive departures, they believe the market will be concerned with the recent spate of movements.

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