SINGAPORE -The group CEO of Singapore Post Limited (SingPost) Wolfgang Baier has resigned and will be stepping down by June 30 next year.
SingPost said in a statement that Dr Baier will support a handover until June 30, 2016 or earlier.
The company's board is looking for a replacement both internally and externally, it said.
During the interim, deputy chairman Goh Yeow Tin will be appointed an executive director for a year, starting from Jan 1, 2016.
Mr Goh will oversee the Group's post-merger integration activities, the business and operations in Singapore.
Mr Mervyn Lim, deputy group CEO of corporate services, will cover the work of the group CEO.
During this period, SingPost Chairman, Mr Lim Ho Kee will provide the management with more guidance.
Mr Lim said, "The Board appreciates and thanks Wolfgang for his leadership and role in accelerating SingPost's transformation. Under Wolfgang's leadership and great team effort, SingPost has been established as a regional leader in eCommerce logistics business, with a strong focus on digitising our business."
Dr Baier joined SingPost as international CEO in February 2011 to oversee the development of SingPost's international wing. In October that year, he was appointed group CEO.
Dr Baier, 41, said, "I am thankful to the Chairman and Board for entrusting me and the team to lead SingPost's accelerated transformation... I am moving to new endeavours and will ensure a smooth handover before I leave."
He added, "On a more personal note, I will certainly miss the camaraderie and energy at all levels."
As at Sept 30, SingPost's eCommerce related revenue and overseas revenue were 29 per cent and 40 per cent of total revenue respectively.