SINGAPORE - Former Mediacorp Group CEO and veteran banker Ernest Wong, 70, will take the reins of the media company's board in July.

Mr Wong was previously group president of the United Overseas Bank from 1990 to 2000. He left the bank to join Mediacorp as its group CEO, where he stayed for five years.

Mr Wong will take over from current chairman, Mr Teo Ming Kian.

Mr Teo, 64, will have served for six years as chairman of the company when he steps down.

He is credited with Mediacorp's move to its new campus in one-north. The 12-storey building was opened by the Prime Minister last December, and will eventually house nearly all of Mediacorp's 2,800 staff.