Pacific Internet's CEO steps down suddenly

Pacific Internet's CEO has resigned to pursue new challenges, the company said.

Pacific Internet's chief executive officer (CEO) has resigned his position in order to seek new "challenges in his career," according to a company statement.

Tong Hai Tan, who has served as CEO and president of Pacific Internet since 2001, will step down from his position effective on Wednesday, August 10, the company said. A search has begun for Tan's replacement, it said.

In a statement, Pacific Internet credited Tan with leading the company to profitability in early 2002 and delivering 14 consecutive quarters of profitability. The statement did not offer an explanation for Tan's sudden departure.

Company officials were not immediately available to comment.

While the search for Tan's replacement continues, Pacific Internet's executive committee, which includes the company's chairman, Bien Kiat Tan; Lawrence Wee; and Hai Chwee Chew, will oversee the company's senior management.

In Singapore, where Tan also served as managing director of Pacific Internet's operations, he will be replaced by Kevin Lim, currently the company's senior vice president of general business and group marketing.

Pacific Internet is based in Singapore but provides Internet access in several other countries, including Hong Kong, Australia, India, Thailand and Malaysia.

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