SINGAPORE — Speaker of Parliament Seah Kian Peng will step down from his role as group CEO of NTUC Enterprise and from the boards of its social enterprises.
The NTUC Enterprise group comprises companies like Singapore's largest supermarket chain NTUC FairPrice, NTUC First Campus, NTUC Foodfare, NTUC Health and NTUC Income.
Announcing the leadership change on Monday, chairman of NTUC Enterprise Lim Boon Heng said leadership renewal and succession planning are high priorities for the board. “Under his leadership, NTUC Enterprise and its social enterprises have achieved several notable milestones, especially in ensuring the continued availability of daily necessities during the Covid-19 pandemic, as well as in implementing various measures to moderate the cost of living amidst high inflationary concerns,” said Mr Lim.
“The board records its thanks and appreciation to Kian Peng for his dedication and commitment and wishes him the very best in his new parliamentary role," said Mr Lim.Incoming group CEO Ms Sum has more than three decades of experience holding different portfolios across NTUC and NTUC Enterprise.
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