Keppel Corporation Limited (Keppel Corporation) announces, that Mr Teo Soon Hoe, Senior Executive Director, Keppel Corporation will be retiring on 1 June 2014, the company said in its press release.
Mr Teo will step down as Chairman of Keppel Telecommunications & Transportation Ltd (Keppel T&T) and non-independent director of Keppel Infrastructure Fund Management Pte Ltd (KIFM), Trustee Manager of Keppel Infrastructure Trust, with effect from the same date.
Mr Teo will continue to represent Keppel Corporation as its nominee director on the boards of Tianjin Eco-city companies, and k1 Ventures Limited. Further, Keppel Land Limited (Keppel Land) and Keppel T&T have appointed him as Senior Advisor to their respective boards and he will also continue to represent Keppel T&T as its nominee director on the board of M1 Limited.
Mr Loh Chin Hua , Chief Executive Officer of Keppel Corporation and non-independent director of Keppel T&T will take over as Chairman, Keppel T&T. Concurrently, Mr Chan Hon Chew , Chief Financial Officer of Keppel Corporation, will be appointed as director to the board of Keppel T&T.
Dr Ong Tiong Guan, CEO of Keppel Infrastructure Holdings Pte Ltd, will take Mr Teo's place in KIFM as a non-independent director.
All appointments are with effect from 1 June 2014.