Former president and CEO at SATS Alex Hungate has commenced his role at Nasdaq-listed “superapp” Grab as chief operating officer, reporting to group CEO Anthony Tan.
Based in Singapore, Hungate will oversee Grab’s mobility, deliveries and financial services businesses, as well as its marketing and user support functions, the company said in a statement.
He brings more than 25 years of leadership experience in the financial services, logistics and food services industries to drive the execution of Grab’s superapp strategy.
“Alex is well placed to create greater ecosystem synergies across Grab, and drive further growth, engagement and monetisation across our core businesses, as he is a proven operator in our industries and has managed global public companies in Southeast Asia,” said Tan.
Hungate left food solutions and gateway services provider SATS last month, after serving the company for eight years. He joined SATS as an independent director in July 2011 before moving on to become an executive director in July 2013. He started his last role at the company in January 2014.
“I am truly impressed by the talent and entrepreneurial drive of everyone that I’ve met at Grab. Just like them, I am inspired by the opportunity to help millions of Southeast Asians access the benefits of the digital economy, as we transform the Southeast Asian technology landscape together,” said Hungate.
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As at 10.48am Singapore time, Grab’s shares are trading 9 US cents higher or 1.26% up at US$7.22.
Photo: Grab
