SIA executive to join Keppel as chief financial officer

Mr Chan Hon Chew. -- PHOTO: KEPPEL CORP
Mr Chan Hon Chew. -- PHOTO: KEPPEL CORP

Incoming CFO has served as airline's senior vice-president of finance

Keppel Corp has appointed Singapore Airlines (SIA) executive Chan Hon Chew to succeed Mr Loh Chin Hua as its chief financial officer from Feb 1.

Mr Chan, 48, has been with SIA for over a decade and has served as its senior vice-president of finance since June 2006.

His responsibilities include investor relations, corporate accounting and reporting, treasury, risk management and insurance, said Keppel Corp in a statement yesterday.

Chief executive Choo Chiau Beng said that Keppel Corp had "undertaken a rigorous succession management process" and examined potential candidates for the CFO position both within the company and externally.

"We have found a strong candidate in Mr Chan, who possesses leadership, financial and management expertise spanning several companies and industries," he said.

"I am confident that he will provide solid support to Mr Loh as well as bring fresh perspectives and dynamism to Keppel's leadership team."

Mr Loh is chief executive-designate of Keppel Corp, and will take over from Mr Choo when the latter steps down.

As Keppel Corp's CFO, Mr Chan will take charge of its financial functions such as managing capital, finance, treasury and tax, as well as legal matters.

He will also support the chief executive in the group's strategic business planning process and participate in all major investment initiatives and decisions.

Mr Loh said that his new colleague has experience strengthening companies financially and operationally.

"Mr Chan is also adept at working with huge, diverse teams and has proven to be both an effective leader and a strong team player," he added.

Prior to joining SIA, Mr Chan held positions at property and retail company Wing Tai Holdings and IT giant IBM Singapore. In his early career, he was an auditor at then Price Waterhouse.

Mr Chan also boasts a string of accolades including the Best CFO Award he bagged at the 2011 Singapore Corporate Awards.

In April, the Ministry of Finance appointed Mr Chan to the board of the Singapore Accountancy Commission. That same month, he was elected to the Council of the Institute of Singapore Chartered Accountants.

Before Mr Chan starts in his new role, Keppel's group controller Paul Tan will be its acting CFO.