His elder son, Wee Ee Cheong, will become the next chairman, non-executive and non-independent director of the group upon the elder Wee’s retirement.
Wee Cho Yaw will step down as the chairman of the board at United Overseas Insurance (UOI) (SGX:U13
) , announced the group. He will retire by rotation and not seek a re-election at the group’s annual general meeting (AGM), which will be held on April 14.
Wee was appointed to the role on Feb 17, 1971. Upon his retirement, Wee will be appointed as chairman emeritus of the group.
