SingPost board outlines details of CEO sacking


From left: SingPost’s group CEO Vincent Phang and group CFO Vincent Yik, and CEO of the company’s international business unit Li Yu. - ST FILE, BT FILE, SINGPOST

SINGAPORE: Singapore Post (SingPost) has published a detailed account of the disciplinary proceedings leading to the sacking of three of its senior executives, saying that the company’s board of directors had ensured due diligence, and that the three had an opportunity to be heard before making its decision.

In a filing with the Singapore Exchange, SingPost’s board outlined the investigation and disciplinary process leading to the terminations of group chief executive officer (CEO) Vincent Phang, group chief financial officer Vincent Yik and CEO of the implicated international business unit (IBU) Li Yu.

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