Singapore Post fires CEO over handling of whistleblower report (updated)

Singapore Post

22/12/2024 18:38

(Updates with details on allegations)
       Dec 22 (Reuters) - Singapore Post  SPOS.SI  said on
Sunday it had dismissed its chief executive and two other senior
managers after an internal investigation found they had
mishandled whistleblower allegations about misconduct by company
employees.
    The alleged misconduct reported by the whistleblower related
to several employees who worked in the company's international
e-commerce logistics parcels business, the company said in a
statement, without giving further details.
    It said CEO Vincent Phang, along with the chief of the
company's international business unit, Li Yu, and Chief
Financial Officer Vincent Yik had been dismissed after the
company found they had been "negligent" in handling the case and
misrepresented it before an audit committee.
    The company said it planned to announce a new CEO in due
course. 

 (Reporting by Rishav Chatterjee in Bengaluru;
Editing by Kevin Liffey and Helen Popper)
 ((Rishav.Chatterjee@thomsonreuters.com;))