Singapore Post appoints new CEOs

Ng Hin Lee and Dr Wolfgang Baier have been appointed as CEO (Postal and Corporate Services) and CEO (International) respectively.

According to SingPost, Mr Ng Hin Lee will be promoted to Chief Executive Officer (Postal and Corporate Services) to lead transformation efforts in SingPost’s mail business and provide a sharper focus to its postal services. Mr Ng, who is responsible for the Group’s strategic acquisitions, will also oversee the Group’s corporate support services. The new appointment is effective 7 February 2011. Mr Ng will be covering the Group Chief Financial Officer position till a suitable candidate is appointed.

Dr Wolfgang Baier has been appointed as the Chief Executive Officer (International) to accelerate SingPost’s regionalisation and diversification efforts. His international experience especially in logistics is key for SingPost’s expansion in the region and for revenue generation in the logistics and other non-postal businesses. He will oversee the Logistics, Retail and Financial Services and Sales and Marketing divisions as well as Quantium Solutions. Dr Baier, who has worked with SingPost on major initiatives over the past 5 years whilst he was a Partner with McKinsey & Company, will join SingPost on 7 February 2011.

Mr Lim Ho Kee, Chairman of SingPost said: “The postal industry is facing enormous challenges especially from e-substitution. Globally, mail volumes are on the decline. SingPost started transforming its business seven years ago and we have been quite successful in reversing the declining mail trend. We hope and are reasonably confident that we will be able to continue on this path.”

Added Mr Lim: “The SingPost Board recognises the need for SingPost to step up its transformation efforts to stay relevant and to grow. At the same time, it is committed to the best interests of SingPost’s various stakeholders. As Singapore’s Public Postal Licensee, SingPost is committed to its social obligations and will have dedicated resources to ensure a good level of service which the public is entitled to expect. We also have a responsibility towards our shareholders, staff and customers, to continue to grow, both locally and in the region, and remain sustainable.

With a strengthened management team and resources aligned to provide sharper focus on its postal services as well as its regionalisation and diversification efforts, the Group is poised to achieve higher performance.”