Paul Coutts, CEO of Singapore Post, has resigned from his post to ‘pursue other opportunities’ according to local media reports.

Coutts will remain in post as Group CEO until the 31st August to support a handover of his post to a new CEO. He has ended his role as director effective Monday 31st May.

While the handover takes place, Singapore Post’s board chairman Simon Israel is to guide and oversee the senior management team.

This was a pre-planned departure with the board and Coutts agreeing that a new CEO would be found in 2021 and the board already seeking replacements. An announcement is expected soon as to whom will be CEO. The board noted it will “continue to execute its strategic road map, and the board has confidence in the remaining leadership team to do so”.