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SingPost names new CEO after year-long search
December 29, 2016 / 10:38 AM / in 7 months

SingPost names new CEO after year-long search

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SINGAPORE, Dec 29 (Reuters) - Singapore Post Ltd named an executive from logistics firm Toll Group, Paul Coutts, as its new group chief executive officer.

The announcement comes nearly a year after Wolfgang Baier, who oversaw SingPost's expansion into businesses related to e-commerce, resigned as CEO from the company, which counts Singapore Telecommunications and Alibaba Group Holding among its top shareholders.

Shares of SingPost, which has a market value of $2.2 billion, suffered a decline after questions were raised over its corporate governance. The company has since implemented several changes to address shareholder concerns. (Reporting by Aradhana Aravindan; editing by David Clarke)

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