Singapore Post Appoints New Finance Chief Following Executive Dismissals

Singapore Post (SPOS.SI) has announced the appointment of Isaac Mah, currently the CFO of its Australian business, as the new group finance chief. The announcement came on Sunday, just a week after the company dismissed three senior executives, including its previous CFO, due to their mishandling of a whistleblower report.

Mah, who has been with Singapore Post since 2019, recently played a key role in overseeing the sale of its Australian business to private equity firm Pacific Equity Partners. His appointment as group CFO follows the termination of Vincent Yik, the former CFO, along with CEO Vincent Phang and Li Yu, the head of the international business unit (IBU). The company stated that all three were found negligent in addressing the concerns raised by the whistleblower.

The whistleblower report alleged misconduct by several employees within the company’s international e-commerce logistics parcels division, prompting the leadership shake-up.

In addition to Mah’s appointment, Singapore Post has named Gan Heng as acting CEO of the international business unit. Gan previously served as head of the South district for the unit.

The Temasek-backed company indicated that a new group CEO would be announced in the near future, signaling further leadership restructuring in the wake of the controversy.

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