Jointly organised by The … Mr Mak, Mr Lee and Mr Tan will all report directly to CEO Goh Choon Phong. From April 1, senior vice-president (marketing planning) Tan Kai Ping (left), will be promoted to EVP (finance and strategy); EVP of commercial Mak Swee Wah (centre) will be EVP (operations); and Scoot CEO Lee Lik Hsin (right) will be promoted to EVP (commercial). Over 20,000 people had expressed interest in the tour, said SIA chief executive Goh Choon Phong. Since he took over in 2010, SIA has been lurching from crisis to crisis. The new appointments will be effective from April 1. By signing up, you agree to our Privacy Policy and Terms and Conditions. The rights shares were issued on the basis of three rights shares for every two existing SIA shares owned by shareholders. 65415026. choonphong_goh@singaporeair.com.sg. The rights are not offered to shareholders with registered addresses outside Singapore. Since the beginning of the FY2020/2021, SIA has raised some $12.7 billion in additional liquidity. The aviation industry is currently still reeling from the impact of Covid-19, and Singapore Airlines (SIA) is no exception — they announced that they’re letting go of about 2,400 more staff on Monday (14 Sep).. VERIFICATION EMAIL. That said, Mr Banerjee and Mr Cheong did subscribe for their rights shares entitlements. The gift link for this subscriber-only article has expired. Tell us what kind of news matters to you! Describing the management changes at SIA as overdue, independent analyst at Sobie Aviation, Brendan Sobie, said: "There's been a need to bring in two new people at EVP level for some time. Until we resolve the issues, subscribers need not log in to access ST Digital articles. Goh Choon Phong (simplified Chinese: 吴俊鹏; traditional Chinese: 吳俊鵬; pinyin: Wú Jùn Péng) is the chief executive officer (CEO) of Singapore Airlines and Singapore Airlines Cargo.He was appointed the CEO of the airline on 3 September 2010. Choon Phong Goh is Independent Director of the company. Goh Choon Phong – Base Awards 60,000 75,000 – – – Final Awards (Pending Release) 78,300 55,800 – – Conditional award of performance shares (note 2) Goh Choon Phong – Base Awards 222,750 235,250 – – Conditional award of deferred restricted shares (note 3) Goh Choon Phong – Base Awards 57,460 44,600 – – Chief Executive Officer Singapore Airlines Airline House #09-D 25 Airline Road Singapore 819829. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. Meanwhile, EVP (human resources and operations) Ng Chin Hwee, 59, will retire early from SIA on March 31, but join subsidiary SIA Engineering Company (SIAEC) as CEO on April 1. President University of Illinois System. His previous roles include helming budget carrier Tigerair from 2014 and later assuming his present role as chief of Scoot as SIA merged its two low-cost units in May 2016. Goh Choon Phong added: “Having to let go of our priceless and devoted folks is the toughest and most agonising resolution that I’ve needed to make in my 30 years with Singapore Airways Group. SINGAPORE (THE BUSINESS TIMES) - Most directors of Singapore Airlines (SIA) have chosen to let their rights mandatory convertible bonds (MCBs) lapse without exercising them, despite proposing the MCB rights issuance to shareholders as part of larger cash call in April. In May this year, SIA reported a net loss of S$212 million for the 12 months ending 31 Mar 2020. SINGAPORE, Nov 24 —Singapore Airlines (SIA) today announced that it has successfully raised S$500 million (RM1.5 billion) via a private placement of new 10-year bonds. SIAEC's current CEO, Png Kim Chiang, 61, will retire on April 1. RESEND Please confirm for access to all your SPH accounts. Mr GOH Choon Phong. Prof Timothy L. KILLEEN. Meanwhile, EVP (human resources and operations) Ng Chin Hwee, 59, will retire early from SIA on March 31, but join subsidiary SIA Engineering Company (SIAEC) as CEO on April 1. Goh Choon Phong CEO of Singapore Airlines, Goh Choon Phong is also a board director of SIA Engineering Company, Mount Alvernia Hospital and Virgin Australia Holdings. "He will likely stay at least three more years.". Singapore Airlines reported a net loss of S$2.3 billion in the three months to September as international travel all dried up. The new appointments will be effective from April 1. But Singapore Airlines doesn’t think passenger demand will return to 2019 levels before 2024. Singapore Airlines (SIA) chief executive Goh Choon Phong has been named Person of the Year by Orient Aviation, a commercial aviation news magazine for … Coronavirus: SIA to resume flights to more destinations in June and July, and increase flight frequencies, Shedding light on Singapore Airlines' rights issue, SIA says flight experience after Covid-19 will change; workgroups created to look into issues, SIA to cut capital spending by at least 12% amid coronavirus crisis. Mr Peter HO. He is a member of the National University of Singapore board of trustees and a Care and Share Committee member of the SG50 Steering Committee led by National Council of Social Service. Tell us what you think. Mr Ng is also currently a non-executive director on SIAEC's board. SIA chief executive Goh Choon Phong let his provisional allotments in respect of 3.34 million rights MCBs lapse last week, according to a Singapore Exchange filing on Monday (Ju8ne 1). Mr Goh Choon Phong has been Chief Executive Officer of Singapore Airlines Ltd since 1 January 2011. premium content on your favourite platforms, STI back in red by 0.6% on US stimulus impasse, Brexit overhang, more virus cases, Paris enjoys Brexit bonus with estimated 4,735 extra finance jobs, Malaysia: Shares close higher on Thursday, StanChart Singapore awarded enhanced 'Significantly Rooted Foreign Bank' privileges, paving the way for digital-only bank, Japan plans vaccine freezer buying binge as Tokyo reports record cases, Border reopenings another plus for Singapore's recovery, Manhattan apartments haven't been this cheap to rent in 10 years, Singapore's Sea to raise about US$2b in stock offering, Broker's take: Nanofilm's tech will create opportunities in new markets, says UOBKH, Broker's take: Office S-Reits may turn from laggards to leaders, says DBS. The airline is in advanced talks to raise funds in the debt capital market and by selling and leasing back some of its aircraft, says chief executive officer Goh Choon Phong. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Shares in SIA closed at S$8.66 on Monday, gaining four cents. 198402668E. Shareholders with questions in relation to the Rights Issue may contact the Company’s Rights Issue Helpline at +65 6878 1375, Monday to Friday excluding … Your feedback is important to us By now, we have all probably read about the shameful way SIA was caught lying about overflying Ukraine airspace. Photo: Getty Images. But a log-in is still required for our PDFs. The national carrier’s chief executive officer Goh Choon Phong called it “the greatest challenge in the SIA’s Group’s existence” in an internal memo to his staff in March, as international travel came to a virtual halt due to the pandemic. Their provisional allotments were 20,945 rights MCBs and 20,266 rights MCBs respectively. Mr Wilson's return to Scoot is also seen as timely, given that Scoot chalked up an operating loss for the financial year ended March 31, 2019, as well as for the nine months ended Dec 31, 2019. All rights reserved. Email us at btuserfeedback@sph.com.sg With that in mind, it has quietly shelved plans to use the 777X to rollout new seats in its premium cabins. Tags: Goh Choon Phong Lee Hsien Loong sia Singapore Airlines Group. Prior to his appointment, he worked for the SIA group for more than 20 years for the airlines' operations in China and Scandinavia. 198402868E. SIA CEO Goh Choon Phong It was reported earlier that Singapore Airlines (SIA) had incurred its first annual net loss in its 48-year history amidst the COVID-19 pandemic. A graduate of the Massachusetts Institute of Technology, where he sits on the Presidential CEO Advisory Board, Goh is a member of the NUS board of trustees and IATA board of governors. IN A move aimed at succession planning, Singapore Airlines (SIA) announced a management shuffle on Monday, which included promoting two airline veterans seen as potential frontrunners for the top job in the future. Senior vice-president (marketing planning) Tan Kai Ping, 47, will be promoted to EVP (finance and strategy) of SIA, where he will oversee the corporate planning and finance divisions. Email us at btuserfeedback@sph.com.sg. The Business Times understands that this may be because Mr Gledhill and Mr Ho count as foreign shareholders. Scoot had taken over 10 new points from SilkAir as at December last year, with another six Indonesian destinations to come from the regional wing's network between May and July 2020. If you would like to find out other Singapore Airlines executives contact, you can find the info at Elliott. Mr Lee, 49, will be responsible for the cargo, customer experience, marketing planning, and sales and marketing divisions, as well as the sales regions. SINGAPORE shares sank back in the red on a listless trading day with the key Straits Times Index (STI) retreating 18... [PARIS] Brexit has led to 4,735 financial sector jobs shifting to France since Britain voted to leave the European... MALAYSIA share prices closed higher on Thursday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 7.86... STANDARD Chartered Singapore was awarded enhanced "Significantly Rooted Foreign Bank" (SRFB) privileges by the... [TOKYO] Japan said on Thursday it will buy 10,500 deep freezers to store novel coronavirus vaccines as it prepares... © 2020 SINGAPORE PRESS HOLDINGS LTD. REGN NO. In a press release issued to the Singapore Exchange, Mr Goh said: "The SIA Group has highly capable executives with deep organisational and industry expertise, who are able to step up and take on new responsibilities. SIA chief executive Goh Choon Phong let his provisional allotments in respect of 3.34 million rights MCBs lapse last week, according to a Singapore Exchange filing on Monday. Each of the rights can be exercised at S$1 for one MCB. Singapore Airlines CEO Goh Choon Phong said he envies American Airlines CEO Doug Parker for the scale and potential for profitability that U.S. carriers have from a large domestic market. Mr Peter HO. Share gift link below with your friends and family. ", Mr Sobie added that he doesn't expect Mr Goh to leave anytime soon. As mentioned by Diana, the current CEO of Singapore Airlines is Goh Choon Phong, his email address is choonphong_goh@singaporeair.com.sg. Goh Choon Phong is the CEO of Singapore Airlines, chairman of Budget Aviation Holdings, which owns and manages Scoot, and a board director of SIA Engineering Company. Senior Advisor, Centre for Strategic Futures 100 High Street The Treasury #03-01 The Strategy Group Office Singapore 179434. However, both Mr Goh and Mr Seah have applied to take up all their rights shares, and their actual allocations will be decided at a later date. Get unlimited access to all stories at $0.99/month for the first 3 months. From April 1, executive vice-president (EVP) of commercial Mak Swee Wah, 59, will assume the post of EVP (operations), putting him in charge of SIA's cabin crew, customer services and operations, engineering as well as flight operations divisions. Campbell Wilson, senior vice-president (sales and marketing), who ran budget unit Scoot from inception until its merger with Tigerair, will return to Scoot as chief executive. "These two new EVPs (Mr Lee and Mr Tan) signal potential replacements for when Mr Goh is ready to leave. SIA non-executive chairman Peter Seah also let his allotment of 73,160 rights … Goh Choon Phong from Singapore Airlines, winner of the CEO of the Year Award at the Singapore Business Awards 2017! For daily updates on weekdays and specially selected content for the weekend. Mr. Goh brings to the Board strong consumer insight, global perspective and payments experience as the CEO and longtime senior executive of a publicly traded multinational airline. Changes will also see new leaders at Scoot and SIA Engineering Company. “This isn’t a mirrored image of the strengths and capabilities of those that might be affected however the results of an unprecedented world disaster that has engulfed the airline trade.” Singapore Airlines Group CEO Goh Choon Phong His apology was for the "anxiety and inconvenience" caused by the activation of oxygen masks on board Scoot flight TR996.. Mr Mak, Mr Lee and Mr Tan will all report directly to CEO Goh Choon Phong. SIA's fortified management team will likely have to contend with both short-term challenges and ongoing headwinds, such as depressed yields as a result of a highly competitive operating environment and most recently, travel demand slumping amid the global Covid-19 virus outbreak. Or support TOC by becoming a … 63327524. No. By signing up, you agree to our Privacy Policy and Terms and Conditions. Mr LAI Chung Han. Please find the answers from Mr Goh Choon Phong from the recording of the interview below. Each of the rights can be exercised at S$1 for one MCB. It is illegal for insiders to make trades in their companies based on specific, non-public information. For just $10 a month or $100 a year, please consider signing up as a subscriber (and enjoy ads-free experience on our site) to support our mission for independent news coverage. SIA CEO Goh Choon Phong Pens Email Explaining Retrenchments. Mr Goh, the SIA chief, assumed the role of CEO at the age of 47 in January 2011, taking the hot seat at a time when the flag carrier found itself facing keen competition from both Gulf carriers on long-haul routes and budget airlines on regional ones. By registering, you agree to our T&C and Privacy Policy. Senior Deputy President and Provost Tan Chin Tuan Centennial Professor. Mr Scobie said even before the virus outbreak, Scoot's exposure to the China market - where the Chinese carriers are very aggressive - was weighing down its performance, while new routes transferred over from SilkAir are not yet performing well. They can read the article in full after signing up for a free account. CEO Goh Choon Phong said that while this was due to the travel bubble “being experimental”, he hoped it could be “a very good pilot” for how to safely resume international travel. Chief Executive Officer Singapore Airlines. He joined Singapore Airlines in 1990 and held senior management positions in various divisions in Singapore and overseas, ranging from Marketing to Information Technology to Finance and Cargo. A spoksperson for SIA said: "The SIA directors act in their personal capacity as shareholders, and we do not comment on their individual investment decisions. Other SIA directors that let their rights MCBs lapse included Gautam Banerjee, chairman of Blackstone Singapore, and Simon Cheong of SC Global Developments. Senior Advisor Centre for Strategic Futures. You have reached your limit of subscriber-only articles this month. You can read this subscriber-only article in full, All done! Choon Phong Goh biography. SIA non-executive chairman Peter Seah also let his allotment of 73,160 rights MCBs lapse last week, filings showed. Hello, your email is unverified. With these appointments, we have further strengthened our management team and better positioned the group for the future.". Sign up Prof HO Teck Hua. SIA chief executive Goh Choon Phong let his provisional allotments in respect of 3.34 million rights MCBs lapse last week, according to a Singapore Exchange filing on Monday (Ju8ne 1). This article features Singapore Airlines (SIA), 10-year notes,DBS Bank,United Overseas Bank (UOB),Goh Choon Phong Goh Phong Choon is CEO/Executive Director at Singapore Airlines Ltd. See Goh Phong Choon's compensation, career history, education, & memberships. Member. @media (min-width: 768px) { .sm-text-left {text-align: left; } }. Mr Goh Choon Phong: Members: Mr Gautam Banerjee Mr Simon Cheong Sae Peng Mr David John Gledhill Ms Goh Swee Chen Mr Dominic Ho Chiu Fai Mr Hsieh Tsun-yan Mr Lee Kim Shin: BOARD COMMITTEES ; Board Executive Committee: Mr Peter Seah Lim Huat (Chairman) Mr Goh Choon Phong Mr Gautam Banerjee Choon Phong Goh is listed as an insider in the following companies: MA / MasterCard Incorporated Insiders are officers, directors, or significant investors in a company. It is now time to meet the person who is destroying SIA. Mr GOH Choon Phong. reported, citing the carrier’s Chief Executive Officer Goh Choon Phong. He will also step down as a director of SIAEC on the same date, but continue as an adviser to the company. CEO Goh Choon Phong sees some light on the horizon for Singapore Airlines. SIA's rights exercise involved the issue of 295 rights MCBs for every 100 SIA shares held. Stay updated with BT newsletters "We are going to focus on making sure that whoever visits us gets a … Tell us what you think. Lee Lik Hsin, chief executive officer (CEO) of low-cost carrier Scoot, will return to the SIA group and will be promoted to EVP (commercial). Subscribe to t.me/BizTimes. ", SPH Digital News / Copyright © 2020 Singapore Press Holdings Ltd. Co. Regn. Over the years, he and his team have put in place various strategies to position the airline group for long-term growth, including building overseas hubs, new ancillary revenue streams, forging deeper alliances with other carriers and more recently, a three-year transformation programme aimed at lifting revenue, among other things. Three other directors - David John Gledhill and Dominic Ho of DBS Bank; as well as Lee Kim Shin, a managing partner of Allen & Gledhill - took up neither the rights shares nor the rights MCBs. 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