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Appointment of Executive Chairman - SS Teo

29 March 2018

Dear Sir / Madam

Appointment of Executive Chairman - SS Teo

I wish to inform you that as part of PIL’s ongoing renewal and succession plan, I will step down as Chairman with effect from 1 April 2018. The Board has selected SS Teo, current Managing Director, to lead the Company in the role of Executive Chairman & Managing Director.

At the same time, I will also retire from the Board and relinquish all my board responsibilities. However I will stay involved with the Company as Chairman Emeritus and will continue to advise the Board in certain strategic areas.

I have worked closely with SS for more than 30 years and I am confident that he can provide the executive leadership necessary to bring PIL forward.

Following the aforesaid changes, the composition of the Board as at 1 April 2018 will be as follows:

  • 1) Teo Siong Seng (Executive Chairman & Managing Director)
  • 2) Teo Chew Seng @ Peter Chang (Deputy Chairman)
  • 3) Tan Chor Kee (Deputy Managing Director)
  • 4) Teo Cho Keng (Senior Executive Director)
  • 5) Tay Kian Phuan William (Senior Executive Director)
  • 6) Teo Tiou Seng (Tony)(Executive Director)
  • 7) Kuan Kim Kin (re-designated as Senior Director wef 1 Jan 2018)
  • 8) Teo Teng Seng (Executive Director)
  • 9) Teo Choo Wee (Executive Director)
  • 10) Lim Jock Fong (Yvonne) ( Executive Director)
  • 11) Teo Lay Seng (Lisa) (Executive Director)

I would like to thank you for your confidence in PIL and your continued support in the last 50 years.
Please continue to extend your support to SS.


Yours Faithfully,

Teo Woon Tiong aka Y C Chang

Chairman