SINGAPORE - Spring Singapore said on Thursday that its chief executive officer, Mr Tan Kai Hoe, will step down on July 31, 2015, to join the private sector.
Deputy CEO Ted Tan will be the acting CEO from Aug 1 until a new head is appointed. Mr Ted Tan has been with Spring Singapore since April 2009 and is currently leading the agency's industry and enterprise development efforts.
Mr Tan Kai Hoe, 48, joined Spring Singapore as deputy chief executive in June 2009 and was appointed CEO in May 2013.
Prior to that, he was the Chief of Staff (Naval Staff) of the Republic of Singapore Navy. He was also a President's Scholar and a recipient of the Singapore Armed Forces Overseas Scholarship.
Spring Singapore said that under his leadership, the government agency expanded its efforts to develop the SME sector in Singapore, implementing several initiatives like the SME Talent Programme (STP); strengthened partnerships between large organisations and SMEs under the Partnerships for Capability Transformation (PACT) programme; and simplified its programmes to make it easier for SMEs to apply for productivity and capability upgrading support.