Keppel Corporation has appointed its deputy chief financial officer (CFO) Kevin Chng as its CFO. Chng will replace outgoing CFO Chan Hon Chew on Jan 1, 2024.
Chan will retire on Dec 31 after serving as Keppel’s CFO for nearly 10 years.
Chng first joined Keppel in 2016 and has held various leadership positions within the group including as the general manager of group risk and compliance before being appointed the CFO of Keppel Offshore and Marine (Keppel O&M).
"We are pleased to appoint Kevin as CFO. Kevin has performed different functional and business leadership roles in the Company and done well in each of them. He is a strong team player and was also a member of the group of younger business leaders appointed in 2019 to formulate Keppel’s Vision 2030 strategy. Given Kevin’s demonstrated leadership, as well as his deep expertise in finance and management, I am confident that he will be an effective CFO and an important part of the leadership team that will ensure the continued growth of Keppel as a global asset manager and operator,” says CEO Loh Chin Hua.
“On behalf of the board and management, I would also like to express our sincere appreciation to Hon Chew for his contributions to the company. Hon Chew has been a trusted and effective partner to me, as the company went through a challenging and transformational decade,” he adds.
“Among many other projects, Hon Chew contributed significantly to sharpening Keppel’s focus as one integrated company as we privatised our various operating units between 2015 and 2019; the successful completion of the Keppel O&M and Sembcorp Marine combination; the digitalisation and streamlining of Keppel’s finance processes; as well as the prudent management of Keppel’s finances that enabled us to weather the volatile operating environment and emerge stronger. I wish Hon Chew an enjoyable and fulfilling retirement,” he continues.
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Shares in Keppel closed 7 cents lower or 1.11% down at $6.25 on Oct 19.
