Singtel announced that Chua Sock Koong has decided to retire as Group Chief Executive Officer on 1 January 2021. LEE sent a message to Chua Sock Koong CEO, SingTel – email address that said: Ms Chua Sock Koong. 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. With experience as a financial analyst, Chua Sock Koong joined SingTel in 1989 as Treasurer. He has been appointed group CEO-designate and will assume the role of group CEO after Ms Chua retires. She graduated in the Bachelor of Accounting with honors and as first of her class at the University of Singapore in 1979. Select from premium Chua Sock Koong of the highest quality. At SingTel, Sock Koong Chua has 26 colleagues including Venky Ganesan (Director), Check Kian Low (Director)… 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. All done! The appointment of Chua Sock Koong, who is also SingTel's chief financial officer, will take effect April 1, 2007, the company said. Ms Chua sits on the boards of Singtel, ... Related … Singtel's succession plans come as it struggles to grow its business amid Covid-19 and intensifying competition in the industry. Unfortunately, it is factually and categorically wrong. 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. Find the perfect Chua Sock Koong stock photos and editorial news pictures from Getty Images. Get unlimited access to all stories at $0.99/month for the first 3 months. March over to Singtel and scold Chua Sock Koong. 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. Professional career. Mr Yuen, 53, is currently CEO of Singtel's consumer business in Singapore and its chief digital officer. Sock Koong Chua is Group Chief Executive Officer & Director at Singapore Telecommunications Limited. "He has risen through the ranks of the company, with leadership positions in marketing, business development and sales, and Telkomsel in Indonesia," Singtel said. Mr Yuen's task will be to increase the company's profitability. She was instrumental in the corporatisation of Singtel in 1992 and its subsequent successful listing on the Singapore Stock Exchange a year later. 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 … But a log-in is still required for our PDFs. Ms Chua Sock Koong has been appointed to the Public Service Commission as deputy chairman. 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. 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. All rights reserved. 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. The search to fill Ms Chua’s shoes started a year ago. 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. 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. 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 One of Asia's most powerful businesswomen, Chua Sock Koong heads up Singapore's largest telecom provider. He will be meeting Singtel’s major customers, the union and the company’s various business units heads over the next few months. “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. 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. 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. She was appointed a full member of the council in 2020.[5]. Previously as a CFO, Chua … Chua is the Deputy Chairman of the Public Service Commission in Singapore. Singtel shares rose five cents or 2.4 per cent at $2.17 as of 10:48am on Thursday, after the announcement. Sock Koong joined Singtel in June 1989 as Treasurer before becoming CFO in April 1999. Ms Chua will stay on as senior adviser to company chairman Lee Theng Kiat to help with the leadership transition. "Mr Chua is the father of Singtel CEO Chua Sock Koong and PAP's branch chairman for the Eunos ward Chua Eng Leong." 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”. 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). 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. 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. 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. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. 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. 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. My name is Lee , age 65. In a shock move announced Jul. A little stalking on Temasek Holdings’ official website revealed that they have major investments in Singtel. Chua Sock Koong is the Group CEO of Singtel, a position she has held since April 2007. [4] She is also Deputy Chair of the GSMA Board. No. Chua Sock Koong studied at Raffles Girls School and Raffles Institution in Singapore. She is a Fellow Member of the Institute of Singapore Chartered Accountants and a CFA charterholder. 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. He has a good appreciation of what needs to be done,” he added. Chua completed her education at Raffles Girls School and Raffles Institution. 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. Telkomsel is Singtel's regional associate. This is down from $1.18 billion from a year ago. She is one of the few women in the world to run a major communications group. 21, Lee gave no reason behind his decision to leave a post he has helmed for more than a decade.. Sock Koong Chua CPA is no longer serves as Group Chief Executive Officer, Non-Independent Executive Director of the Company effective 1/1/2021. Connecting 468 million customers, about 6.5% of the world's population. SPH Digital News / Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn. 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. 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. Ms Chua was formerly Singtel International CEO and chief financial officer. 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. Chua Sock Koong is the Group CEO of Singtel, a position she has held since April 2007. Singapore telco's CEO Chua Sock Koong, who is set to retire in January, will be replaced by 27 … 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. 198402868E. They can read the article in full after signing up for a free account. 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. Join ST's Telegram channel here and get the latest breaking news delivered to you. Ms Chua is ranked 4th, while Ms Ho is ranked 8th on the list. Chua Sock Koong is the Group Chief Executive Officer (CEO) of SingTel. Ho needs to go down to Singtel and demand for our 12GB data bundle back. Share gift link below with your friends and family. You have reached your limit of subscriber-only articles this month. [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. Said Mr Lee Hsien Yang, Group CEO, “The Singtel Group will be in excellent hands. Sock Koong Chua biography. 9. Chua was the first in her family to attend college and says that her traditional Chinese value system that holds loyalty to… Appointed Group Chief Executive Officer in April 2007, Chua directs Singtel’s global strategy and oversees its consumer, enterprise and digital businesses. 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 Sock Koong is the Group CEO of Singtel, a position she has held since April 2007.[1]. Until we resolve the issues, subscribers need not log in to access ST Digital articles. Singapore Telecommunications Ltd said on Thursday its Group Chief Executive Officer Chua Sock Koong will retire in January after 13 years in the role. Ms Chua Sock Koong will retire on Jan 1 as Singtel's group chief executive, with Mr Yuen Kuan Moon taking over the role. 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. 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. The PSC's chairman is Mr Lee Tzu Yang, 65. 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. Lee Hsien Yang (born 24 September 1957) is a Singaporean senior management executive and politician. Ms Chua Sock Koong has just recently been announced to be one of the Forbes Power Woman in 2014. and it has also applied for a full digital banking licence with Grab. [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. 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. 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. "With Singtel well-positioned for the future, it is a good time for me to retire," Ms Chua said in the Singtel statement. SINGAPORE - Mr Yuen Kuan Moon, who has been with Singtel since 1993, is set to become its group chief executive in January. The Straits Times Index was up 1.45 per cent at the same time. Singtel appoints consumer head as new group CEO. 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. 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. The gift link for this subscriber-only article has expired. Read 3 articles daily and stand to win ST rewards, including the ST News Tablet worth $398. Chua is the daughter of migrants from southern China who settled in Singapore. Chua Sock Koong, Group Chief Executive Officer (CEO) of Singapore Telecommunications Limited (SingTel), appears in many lists of the most powerful women in business. Whois Chua Sock Koong, CEO of 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. View Sock Koong Chua’s professional profile on Relationship Science, the database of decision makers. (Photo: MCI) Chua's father managed a small clothing store and her mother stayed home to raise her and her four siblings. She is credited with keeping the telco highly profitable even during difficult economic times. The Singtel Board has appointed Yuen Kuan Moon to succeed her as the Group’s CEO. 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. She was appointed group CEO in 2007. 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