Singtel has named Yuen Kuan Moon, CEO of its Singapore consumer business and chief digital officer, to succeed Chua Sock Koong as group CEO when she retires from her role on 1 January 2021. 21, Lee gave no reason behind his decision to leave a post he has helmed for more than a decade.. Singtel CEO Chua Sock Koong becomes first woman appointed to Council of Presidential Advisers Singtel CEO Chua Sock Koong at the swearing-in ceremony at the Istana on Jan 2, 2019. He had joined the Progress Singapore Party (PSP) led by the former Member of Parliament (MP), Tan Cheng Bock.. Lee is the younger son of Singapore's first Prime Minister, Lee Kuan Yew, and the younger brother of the current Prime Minister Lee Hsien Loong. The telco posted a 24.2 per cent drop in its earnings before interest, tax, depreciation and amortisation to $897 million for the three months to June this year. Previously as a CFO, Chua … Singtel hit 'especially hard' in Q1 2021 by Covid-related curbs, economic downturn: S&P, Singtel to pace out investment for 5G technology, unveils 5G-powered pop-up store, struggles to grow its business amid Covid-19, 1,000 jobs in 5G to be created in partnership between IMDA and telcos, Singapore stock watch: Singtel, New Silkroutes, SembMarine, Keppel, CapitaLand Retail China Trust. She was instrumental in the corporatisation of Singtel in 1992 and its subsequent successful listing on the Singapore Stock Exchange a year later. Chua Sock Koong is the Group Chief Executive Officer (CEO) of SingTel. Faced with the realities of a small domestic market, Chua was part of the core leadership team which developed Singtel’s internationalisation strategy which accounts for the Group’s acquisition of Optus in Australia and a host of other regional telecom investments. Singtel has been trying to grow its business with Dash, its e-wallet, and it has also applied for a full digital banking licence with Grab. Sock Koong Chua is Group Chief Executive Officer & Director at Singapore Telecommunications Limited. He will be taking over from Ms Chua Sock Koong, 62, who will retire on Jan 1, the Republic's largest telco said in a bourse filing on Thursday (Oct 1). Unfortunately, it is factually and categorically wrong. "With Singtel well-positioned for the future, it is a good time for me to retire," Ms Chua said in the Singtel statement. A little stalking on Temasek Holdings’ official website revealed that they have major investments in Singtel. “I’ve seen a few global crises on my watch – the dot.com bust, the global financial crisis, the India competition challenges – and I’m proud of how we’ve weathered those storms and businesses challenges,” she said in the statement. [4] She is also Deputy Chair of the GSMA Board. All rights reserved. One of Asia's most powerful businesswomen, Chua Sock Koong heads up Singapore's largest telecom provider. Singtel appoints consumer head as new group CEO. All done! Get unlimited access to all stories at $0.99/month for the first 3 months. Chua Sock Koong studied at Raffles Girls School and Raffles Institution in Singapore. Before helming Singtel as Group CEO, Chua served in various key capacities within the company, most notably CEO International and Group CFO, after first joining as Treasurer in 1989. No. Chua Sock Koong is the Group CEO of Singtel, a position she has held since April 2007. I am your customer for more than 20 years, and today I need your Singtel shop at Parkway to help to print a copy of my contract as I need it urgently to show to Samsung service dept to unlock my mobile phone as I couldn't use my phone due to password issue. She is one of the few women in the world to run a major communications group. Sock Koong Chua CPA is no longer serves as Group Chief Executive Officer, Non-Independent Executive Director of the Company effective 1/1/2021. She was the company’s Deputy Group CEO and Chief Financial Officer (CFO), a position she assumed in February 2006, before she took over Lee Hsien Yang’s CEO post in April 2007. Singapore telco's CEO Chua Sock Koong, who is set to retire in January, will be replaced by 27 … We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. “This is an exciting juncture, with 5G and digitalisation changing the game, not just for the telecoms sector, but for enterprises across all industries,” Mr Yuen said. At a press conference announcing her appointment as Lee's successor, Chua said the company remained open to increasing its stakes in its regional investments. SINGAPORE, Oct 1 — After 13 years at the helm of Singtel, group chief executive officer (CEO) Chua Sock Koong will retire on Jan 1 next year, the telecommunications company announced today. She should also grab a … Chua is the daughter of migrants from southern China who settled in Singapore. Chua Sock Koong - Biography Chua Sock Koong (Chinese: 蔡淑君; pinyin: Cài Shūjūn; born 1956) is the Group Chief Executive Officer (CEO) of SingTel. Until we resolve the issues, subscribers need not log in to access ST Digital articles. Ms Chua Sock Koong has been appointed to the Public Service Commission as deputy chairman. Singtel announced that Chua Sock Koong has decided to retire as Group Chief Executive Officer on 1 January 2021. 9. At SingTel, Sock Koong Chua has 26 colleagues including Venky Ganesan (Director), Check Kian Low (Director)… Sock Koong Chua biography. With experience as a financial analyst, Chua Sock Koong joined SingTel in 1989 as Treasurer. Professional career. Chua Sock Koong, Group Chief Executive Officer (CEO) of Singapore Telecommunications Limited (SingTel), appears in many lists of the most powerful women in business. You have reached your limit of subscriber-only articles this month. Ms Chua was formerly Singtel International CEO and chief financial officer. The appointment of Chua Sock Koong, who is also SingTel's chief financial officer, will take effect April 1, 2007, the company said. With the advent of the digital economy in recent years, she has been driving Singtel’s on-going transformation from a traditional telco into a communications technology company. She was appointed a full member of the council in 2020.[5]. Whois Chua Sock Koong, CEO of Singtel. Mr Yuen's task will be to increase the company's profitability. Last month (September), it launched 5G trial services in Singapore, the second telco after StarHub to allow consumers to surf on a faster mobile network. Connecting 468 million customers, about 6.5% of the world's population. The Lee family has dominated Singapore’s politics for almost six decades and it isn’t clear how citizens feel about another scion entering the fray Ho needs to go down to Singtel and demand for our 12GB data bundle back. The Singtel Board has appointed Yuen Kuan Moon to succeed her as the Group’s CEO. Mr Yuen, 53, is currently CEO of Singtel's consumer business in Singapore and its chief digital officer. Ms Chua will stay on as senior adviser to company chairman Lee Theng Kiat to help with the leadership transition. They can read the article in full after signing up for a free account. Singtel shares rose five cents or 2.4 per cent at $2.17 as of 10:48am on Thursday, after the announcement. This is down from $1.18 billion from a year ago. Ms Chua Sock Koong has just recently been announced to be one of the Forbes Power Woman in 2014. [6] Chua holds a Bachelor of Accountancy (First Class Honours) from the University of Singapore. Singtel posted its first net loss of $668 million in the three months to September last year because it had to set aside $1.93 billion for a fine on its Indian associate company, Bharti Airtel. SINGAPORE - Mr Yuen Kuan Moon, who has been with Singtel since 1993, is set to become its group chief executive in January. Chua's father managed a small clothing store and her mother stayed home to raise her and her four siblings. As a key member of the senior management team, Sock Koong has been intimately involved in all the key operational decisions, and has had broad exposure across all areas of the business. But a log-in is still required for our PDFs. The Straits Times Index was up 1.45 per cent at the same time. Said Mr Lee Hsien Yang, Group CEO, “The Singtel Group will be in excellent hands. In 2019, she became the first woman to join Singapore’s Council of Presidential Advisers when she was made an alternate member by President Halimah Yacob. Yuen, currently the CEO of Singtel’s Singapore Consumer Business and the Chief Digital Officer, is a Singtel veteran who joined the Group in 1993. Find the perfect Chua Sock Koong stock photos and editorial news pictures from Getty Images. (Photo: MCI) Chua completed her education at Raffles Girls School and Raffles Institution. [2] She also restructured and readied the company for competition in the lead up to the full liberalisation of the Singapore telecoms market in 2000. Ms Chua Sock Koong will retire on Jan 1 as Singtel's group chief ... Ms Chua will stay on as senior adviser to company chairman Lee Theng Kiat to help with the leadership ... Related Story. Lee Hsien Yang (born 24 September 1957) is a Singaporean senior management executive and politician. The meetings will “help formulate my strategy for taking Singtel into the next phase of development”, he said, adding that more details will be released in time. His appointment comes after Chua Sock Koong, who has been at Singtel for 31 years – serving as CEO for 13 of those – announced plans to retire. She graduated in the Bachelor of Accounting with honors and as first of her class at the University of Singapore in 1979. 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 adviser to the Chairman to assist with the transition. Singapore Telecommunications Ltd said on Thursday its Group Chief Executive Officer Chua Sock Koong will retire in January after 13 years in the role. Chua was the first in her family to attend college and says that her traditional Chinese value system that holds loyalty to… Sock Koong joined Singtel in June 1989 as Treasurer before becoming CFO in April 1999. Singtel chairman Mr Lee said Mr Yuen was chosen because he is a “known entity (who) has been with the company since the very beginning of his career”. Select from premium Chua Sock Koong of the highest quality. As CEO International, she stepped up Singtel’s diversification across some of Asia’s fastest growing economies, leading and overseeing investments in India’s Bharti Airtel, Indonesia’s Telkomsel, Thailand’s AIS and Philippines’ Globe. Ms Chua is ranked 4th, while Ms Ho is ranked 8th on the list. Chua is the Deputy Chairman of the Public Service Commission in Singapore. Telkomsel is Singtel's regional associate. View Sock Koong Chua’s professional profile on Relationship Science, the database of decision makers. He will be meeting Singtel’s major customers, the union and the company’s various business units heads over the next few months. March over to Singtel and scold Chua Sock Koong. Join ST's Telegram channel here and get the latest breaking news delivered to you. He has been appointed group CEO-designate and will assume the role of group CEO after Ms Chua retires. Presently, Sock Koong Chua holds the position of Chief Executive Officer & Director at SingTel Group Treasury Pte Ltd. Ms. Chua is also Member of Public Service Commission (Singapore), Member of Institute of Singapore Chartered Accountants, Member of Research Innovation & Enterprise Council, Member of Indonesia-Singapore Business Council and Member-Corporate Governance Council at … LEE sent a message to Chua Sock Koong CEO, SingTel – email address that said: Ms Chua Sock Koong. 198402868E. Chua Sock Koong is the Group CEO of Singtel, a position she has held since April 2007.[1]. Mr Yuen told a press briefing on Thursday (Oct 1) that he will be working closely with the board, Ms Chua and his other colleagues to ensure a smooth transition. "He has risen through the ranks of the company, with leadership positions in marketing, business development and sales, and Telkomsel in Indonesia," Singtel said. Share gift link below with your friends and family. Read 3 articles daily and stand to win ST rewards, including the ST News Tablet worth $398. My name is Lee , age 65. Mr Yuen's appointment by the company's board comes after a global search that considered both internal and external candidates for the job, Singtel added. Chua Sock Koong is the Group CEO of Singtel, a position she has held since April 2007. Singtel's succession plans come as it struggles to grow its business amid Covid-19 and intensifying competition in the industry. Sock Koong Chua is currently Group Chief Executive Officer, Non-Independent Executive Director (until Jan 1 2021) at SingTel and Non-Executive Director, Representative of Singte at Bharti Airtel. She is a Fellow Member of the Institute of Singapore Chartered Accountants and a CFA charterholder. Chua Sock Koong sits alongside Lee Hsien Yang , the current Singtel CEO and Chumpol Nalamlieng , the chairman of Singtel, at a press conference in... Chua Sock Koong, Singtel Group CEO, held a conference during the Mobile World Congress, on February 25, 2019 in Barcelona, Spain. 10 /10 Chua Sock Koong Widely known as one of Asia’s most powerful and influential businesswomen, Sock Koong heads Singtel , the largest telco and one of the largest listed companies in Singapore. Mr Yuen holds a First Class Honours degree in engineering from the University of Western Australia and a Master of Science in management from Stanford University. Ms Chua sits on the boards of Singtel, ... Related … SINGAPORE Telecommunications (Singtel) Group CEO Chua Sock Koong and Temasek Holdings CEO Ho Ching are featured among Fortune magazine's 50 most powerful women based outside of the United States this year. Ms Chua Sock Koong will retire on Jan 1 as Singtel's group chief executive, with Mr Yuen Kuan Moon taking over the role. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. By registering, you agree to our T&C and Privacy Policy. The PSC's chairman is Mr Lee Tzu Yang, 65. She is credited with keeping the telco highly profitable even during difficult economic times. SPH Digital News / Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn. [3] This transformation has seen compelling growth in the new enterprise services of cloud and cyber security as well as the creation of new digital businesses in areas where Singtel’s telecom assets provide a competitive advantage. Institute of Singapore Chartered Accountants, "1993: SingTel launches IPO, nation of investors", "Singtel transforms to answer call of the future", "Appointments made to Council of Presidential Advisers", https://en.wikipedia.org/w/index.php?title=Chua_Sock_Koong&oldid=998229260, Creative Commons Attribution-ShareAlike License, This page was last edited on 4 January 2021, at 11:39. She was appointed group CEO in 2007. "Mr Chua is the father of Singtel CEO Chua Sock Koong and PAP's branch chairman for the Eunos ward Chua Eng Leong." “Sock Koong is one of Singapore’s most successful CEOs and has played a key role in making Singtel the operationally and financially strong company it is today,” said Singtel chairman Lee Theng Kiat, in a statement. The search to fill Ms Chua’s shoes started a year ago. In a shock move announced Jul. 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