Asia Markets

Singtel Group CEO Chua Sock Koong to retire in January

Key Points
  • Singapore Telecommunications said on Thursday its Group Chief Executive Officer Chua Sock Koong will retire in January after 13 years in the role.
  • The company's board has chosen insider Yuen Kuan Moon, currently CEO of Singtel's Singapore consumer business, as successor to Chua who will stay on as senior advisor to the Chairman to assist with the transition.
  • The appointment of Yuen, also Singtel's chief digital officer, comes after the telecom giant in April won one of the licenses to build a 5G network in the country.
A logo of Singapore Telecommunications (Singtel) is seen outside its building in Singapore on February 12, 2016.
Roslan Rahman | AFP | Getty Images

Singapore Telecommunications said on Thursday its Group Chief Executive Officer Chua Sock Koong will retire in January after 13 years in the role.

The company's board has chosen insider Yuen Kuan Moon, currently CEO of Singtel's Singapore consumer business, as successor to Chua who will stay on as senior advisor to the Chairman to assist with the transition.

The appointment of Yuen, also Singtel's chief digital officer, comes after the telecom giant in April won one of the licenses to build a 5G network in the country.

Chua, 62, joined the company 31 years ago and as its CEO, she led the international expansion of the business by acquiring Australia's Optus and a stake in India's Bharti Airtel, among other investments.