Singapore-listed printing firm Xpress Holdings has made some key changes to its board and management as part of efforts to transform itself nd accelerate its regional expansion.
Founder and chief executive KK Fong will assume the role of group executive chairman from Friday, as Dr Wang Kai Yuen, who served as the firm's independent and non-executive chairman for the past 11 years, has stepped down.
Xpress has appointed corporate finance veteran Mr Yip Kean Mun as an independent and non-executive director. Mr Sam Chong Keen, currently an independent and non-executive director, has been named the lead independent director of the company.
Mr Yip, who has more than 20 years of investment and commercial banking-related experience, will also serve as chairman of the audit committee and a member of the nominating and the remuneration Committees.
Mr Sam will be the chairman of the nominating committee.
Xpress Holdings also appointed two managing directors to oversee its key business operations - Mr Darlington Tseng Te-Lin and Mr Victor Khoo Choon Meng.
Mr Tseng, who is currently an executive director, will be the managing director in charge of Xpress's business operations in China while Mr Khoo, who is the firm's director of sales and marketing, will oversee the Asian businesses outside China.
Xpress recently announced a slate of expansion plans, including a collaboration in South China. It is also setting up operations in Qianhai, Shenzhen to target multinational companies.