ComfortDelGro has appointed Cheng Siak Kian to its newly created position of group deputy CEO as part of a series of leadership changes aimed at preparing the group for its next stage of growth.
Cheng, who is also the CEO of the company’s listed subsidiary SBS Transit, will concurrently hold both positions with immediate effect.
In his new role, Cheng will work closely with ComfortDelGro’s managing director and group CEO Yang Ban Seng to align the management around the strategic objectives of the ComfortDelGro Group. Particularly, he will help focus on the group’s overseas businesses and global expansion strategy, the company said in a statement.
On top of his new ComfortDelGro appointment, Cheng will also assume the position of executive deputy chairman and CEO of SBS Transit, replacing Yang who is not seeking re-election at the upcoming SBS Transit Annual General Meeting (AGM) on April 28.
Consequent to this change, SBS Transit will likewise make an announcement on other changes after the AGM.
Cheng joined SBS Transit in September 2015 as a senior vice president in the bus operations division. During his time there, he was an integral member of the tender team that was successful in its bid for the Seletar Bus Package, which was a first for the company.
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In September 2016, Cheng was posted to Australia to helm the group’s New South Wales operations. He played an instrumental role in several business acquisitions, and moved the company into new areas such as non-emergency patient transportation and expanded its footprint to new states such as the Northern Territory and Queensland.
Share in ComfortDelGro closed 4 cents higher or 2.94% up on March 16 at $1.40.
Photo: Albert Chua/The Edge Singapore
