EnterpriseSG eliminates CEO post, instates Executive Chairman

Lee Chuan Teck will serve as  Executive Chairman starting 1 April.

Enterprise Singapore’s (EnterpriseSG) Lee Chuan Teck will relinquish his post as CEO and take on the role of Executive Chairman on 1 April as part of the agency's move to change its leadership model.

Under the new model, EnterpriseSG will have an Executive Chairman and a Managing Director instead of a Non-Executive Chairman and a Chief Executive Officer.

Current Non-Executive Chairman Peter Ong Boon Kwee will retire on 31 March 2024. 

 The agency will name its new Managing Director at a later date.

The agency said the new leadership structure will enhance its “strategic engagement with business counterparts, advancing Singapore’s economic interests and the interests of Singapore companies.”