SINGAPORE Dec 29 Singapore Post Ltd
named an executive from logistics firm Toll Group, Paul Coutts,
as its new group chief executive officer.
The announcement comes nearly a year after Wolfgang Baier,
who oversaw SingPost's expansion into businesses related to
e-commerce, resigned as CEO from the company, which counts
Singapore Telecommunications and Alibaba Group Holding
among its top shareholders.
Shares of SingPost, which has a market value of $2.2
billion, suffered a decline after questions were raised over its
corporate governance. The company has since implemented several
changes to address shareholder concerns.
(Reporting by Aradhana Aravindan; editing by David Clarke)