Recently, the Singapore Post announced its new financial chief to spearhead the company’s operations towards growth and innovation. According to Reuters, the company appointed Issac Mah, the current financial leader of its Australia division, as the group head. Mah has served the company since 2019 and has played a pivotal role in the recent sale of the Australian Freight Management Holding to private equity firm Pacific Equity Partners.
What Made This A Necessity?
A few days back, the Singapore Post fired its financial chief, Vincent Yik, CEO Vincent Yik and the chief of its international business unit (IBU), Li Yu, after they were found guilty of mishandling transactions as per the whistleblower report.
The alleged misconduct highlighted by the whistleblower involved multiple employees from the company’s international e-commerce logistics parcels division. Singapore Post announced that Gan Heng, currently serving as head of the unit’s South district, will be the CEO of the international business unit. The Temasek-backed organisation also stated that a new group CEO would be appointed “in due course.“
