Current Chairman of Singapore Post (Singpost) Lim Ho Kee has announced his plans to step down from his post.

The outgoing Chairman announced his plans to step down from the Board of Directors today (1 April), and will formerly leave his post on the 10 May when the company’s full year results are announced. He will then step down as director at the company’s Annual General Meeting in July this year.

The Board decided that Professor Low Teck Seng is to be Chairman from the 10th May, subject to regulatory approval/

In his letter to the Board, Lim said: “It has been a long and satisfying journey since our IPO in 2003, we can all be proud of what SingPost has achieved. Among postal companies, I believe we stand out as a successful model of transformation.”

Lim said that he has agreed to make himself available to transition his role and provide guidance to the Board.

The Board issued its own statement, saying: “It is difficult to think of SingPost without Lim Ho Kee. He has been at SingPost’s helm since its IPO in 2003. Mr Lim is a visionary and has championed SingPost’s transformation into the iconic institution it is today with its global footprint. He has deftly balanced shareholder value and stakeholder interest, even engaging directly with unions to ensure staff welfare.”

As previously reported by Apex Insight, in December Dr Wolfgang Baier announced his intention to step down from his position of Group CEO at SingPost.

With recent acquisitions and routinely positive financial results, Singpost is in a good state of health. It has a reach right across Southeast Asia with its interests in e-commerce and logistics in the region. Lim Ho Kee’s role at the company has seen it go from strength to strength.