3 reasons why ECS Holdings' CEO shift will be easy breezy

Mr Ong Weh Hiam will be new CEO.

According to OCBC, ECS Holdings (ECS) announced a couple of key management changes over the weekend, with the most notable being the appointment of Mr. Ong Wei Hiam as new CEO from 1 Jan 2013.

This comes after current CEO Mr. Narong Intanate announced his intention to retire and step down from the role on 31 Dec 2012 when his employment contract expires.

We expect the leadership transition at ECS to be smooth with minimal disruption given the following reasons: 1) Mr. Ong is already an Executive Director at ECS, 2) currently holds the CFO role at VST Holdings (which he will retain) which is the HKSE-listed parent company of ECS (89.5% equity stake) and is also in the same distribution industry, 3) Mr. Intanate will continue to serve on the ECS board as Non-Executive Director and hence ECS will still be able to tap on his experience
and expertise.

Meanwhile, Mr. Tay Eng Hoe, a founding director, former CEO and current Non-Executive Chairman of ECS, will become Executive Chairman for a year (subject to
renewal on a yearly basis), effective 1 Jan 2013.

Also Read

SP and Federation of Malaysian Manufacturers partner to boost tech talent in manufacturing

Lee Keen Whye steps down as Santak Holdings board chair

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit