SingTel names replacement for CEO Lee

SingTel has names Chua Sock Koong to replace outgoing Group CEO Lee Hsien Yang.

Singapore Telecommunications (SingTel) has named Chua Sock Koong the successor to outgoing Group Chief Executive Officer (CEO) Lee Hsien Yang.

Chua, who currently serves as SingTel's CEO of international operations and group chief financial officer (CFO), is a 17-year veteran of the company. Her appointment as group CEO will take effect on April 1, 2007, SingTel said.

Lee, who announced plans to step down in July, has served as group CEO of SingTel since 1995, overseeing the company's transition from a recently privatized operator into a regional telecommunications player. He led SingTel's push into markets beyond Singapore, including the acquisition of Australian operator Optus.

SingTel reported net profit of S$840 million (AUD$703 million) on revenue of S$3.2 billion (AUD$2.7 billion) for the quarter ended June 30.

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