Great Eastern Holdings has appointed Andrew Khoo as its new chairman, replacing Soon Tit Koon. The changeover will take place on April 15, the day after the company holds its next AGM.
Khoo, who spent 22 years with the Monetary Authority of Singapore, joined GEH's board last September.
Since March 2021, he is also a non-executive director of Oversea-Chinese Banking Corporation, the parent company of GEH.
"I look forward to working with fellow board members, management, staff and business partners to further the Group’s legacy and deliver enduring value for our stakeholders," says Khoo.
Soon, the retiring chairman, joined GEH's board in 2016 and was made chairman since April 2023.
Soon says it is an "appropriate time" to hand over to a new leadership as to "bring in fresh perspectives" to steer the insurer into its next chapter.
"I am confident that under the leadership of Dr Andrew Khoo, the Great Eastern Group will continue its trajectory of growth and excellence," he adds.
Great Eastern shares closed at $15.73 on March 9, down 1.13% for the day.
Photos: OCBC / Great Eastern websites
