Shareholders not to read too much into how Singtel is involved in SingPost, says new chief

[SINGAPORE] Singapore Post ’s (SingPost) new chief Mark Chong – previously group chief corporate officer at Singtel – suggested that the market “not to read too much into how Singtel is involved in SingPost” simply because he was from the postal agency’s largest shareholder.

At SingPost’s media briefing on Monday (Nov 10) for its first half-year financial results, Chong – who joined the mainboard-listed company as group chief executive officer on Nov 1 – revealed that he went through a selection process conducted by SingPost’s board that had looked at international and local candidates.

“So I participated in the process and was offered the job. This is pretty much it. I would suggest maybe not to read too much into how Singtel is involved in SingPost. They are the largest shareholder, no doubt. But the details, frankly, I have nothing to offer,” the 62-year-old added.