SingPost is set to undergo a significant restructuring, aiming to transition into a logistics company within three years, with a new chief executive officer appointed to lead its Singapore operations effective May 1.
Mr. Shahrin Abdol Salam will assume the role of Singapore CEO, succeeding Ms. Neo Su Yin, who is departing to pursue other career opportunities, as announced by the group on April 1.
Mr. Shahrin brings with him a wealth of experience, having previously served as the managing director of SMRT’s Thomson-East Coast Line and as senior vice-president (strategic relations) at SMRT Corporation. SingPost Group CEO Vincent Phang expressed confidence in Mr. Shahrin’s ability to lead the company through its ongoing transformation, citing his strong track record in operations, engineering, and service quality.
In response, Mr. Shahrin expressed enthusiasm for the opportunity, describing it as a privilege to lead such an iconic business during this transformative period. With over 25 years of experience encompassing operations management, strategic planning, asset management, business development, engineering, and customer service, Mr. Shahrin is well-equipped to steer SingPost towards its next phase of growth.
Despite having been previously reported to be joining an organization in Saudi Arabia, Mr. Shahrin explained that personal family considerations led him to reconsider and prioritize his parents’ needs, ultimately opting to accept the leadership role at SingPost.
Meanwhile, SingPost acknowledged Ms. Neo’s resignation, expressing gratitude for her contributions during her tenure as CEO of the Singapore business. Recognized for her leadership during the Covid-19 pandemic and for enhancing domestic service performance and growing the e-commerce segment, Ms. Neo’s departure marks a significant transition for the company.
SingPost’s decision to embark on a three-year plan to evolve into a logistics company follows an extensive eight-month review, which concluded that the company’s share price did not adequately reflect its intrinsic value.
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