Several key executives exit SingPost amid restructuring retrenchment

[SINGAPORE] Several executives of Singapore Post (SingPost) appear to have abruptly exited the company, with four of them in key roles, in the latest leadership changes at the national postal service provider.

Lee Eng Keat, Sehr Ahmed, Noel Singgih and Michelle Lee were no longer listed on SingPost’s website as key executives as at Tuesday (Apr 1). They were, respectively, the head of strategy and communications, group chief people officer, group chief information officer and chief sustainability officer.

Audrey Teoh, chief information security officer, and Hendrik Liyuwardi, head of IT Infrastructure and service management, also announced their departure on Tuesday.

One of them told The Business Times that he was satisfied with the retrenchment compensation.

IT roles appeared to be the most affected, going by the LinkedIn posts or status of several of those who were made redundant in February or March, including deputy vice-president for IT project delivery Kim Voraphol.

These manpower changes followed an announcement by SingPost in February on the retrenchment of 45 employees, with the company saying the layoffs would be primarily in corporate support units.

A spokesperson from SingPost told BT on Tuesday: “As previously shared, SingPost is undertaking an organisational restructure taking place over several months.

“Out of respect for employee privacy, we do not disclose specific details on individual personnel. Our focus remains on maintaining operational strength and sustainability while managing this process with care for our employees.” 

According to the social network LinkedIn posts of Lee Eng Keat, Teoh, Singgih and Michelle Lee announcing their exits on Tuesday, they appeared to have left without a job offer.

With these changes, SingPost is left with four key management executives: group chief operating officer Neo Su Yin, group chief financial officer Isaac Mah, acting chief executive officer for the international business unit Gan Heng and chief legal officer Jonathan Ooi.

SingPost in February said that the move is meant to “rightsize and devolve corporate functions to its business units”, amid restructuring that arose from prolonged macroeconomic challenges, such as intense competition.

It added that the initiative will eliminate duplicate functions and “improve the agility and efficiency of the business”.

Last December, SingPost showed the group CEO, group CFO and CEO of the international business unit the door for their alleged mishandling of a whistle-blower report.

SingPost shares closed unchanged at S$0.615 on Tuesday.