ST Engineering will be getting a new chief executive next year, the aerospace and defence conglomerate said yesterday.
Mr Vincent Chong Sy Feng, 45, deputy chief executive (corporate development), will be appointed president and chief executive-designate from today .
Mr Chong joined the mainboard-listed group in April last year as president of strategic plans and business development in Singapore Technologies Aerospace (ST Aerospace). He assumed his current role in December.
He is expected to take over the top job when president and chief executive Tan Pheng Hock, 58, retires in about a year's time, the firm said in a Singapore Exchange filing.
Mr Chong will also oversee the group's four business sectors in addition to his current responsibilities. The group provides services across the aerospace, electronics, land systems and marine sectors.
Mr Tan has resumed duties after going on medical leave after suffering from a mild stroke in July. He will work closely with Mr Chong to ensure a smooth leadership transition, said the company.
Mr Tan, who began his career in the group as an engineer in Singapore Technologies Marine (ST Marine) in 1981, has lead the company since February 2002.
The company's board mounted an extensive search to shortlist potential internal and external CEO candidates and it is satisfied with the rigour of the search process.
"We are confident that Vincent will continue the exemplary tireless work put in by Pheng Hock in leading ST Engineering on a growth path and towards organisational excellence," said chairman Kwa Chong Seng.
ST Engineering shares closed two cents or 0.68 per cent higher at $2.98 yesterday.