SingPost restructures

Singapore, 27 January 2011 – Singapore Post Limited (“SingPost”) today announced an organisational restructure in a move to step up its transformation and growth. SingPost is strengthening its management team and resources to provide sharper focus on its postal services as well as its regionalisation and diversification efforts.

Under the new structure, Mr Ng Hin Lee will be promoted to Chief Executive Officer (Postal and Corporate Services). He will 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.

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. [SingPost article]