Singapore, 22 September 2011 – Singapore Press Holdings Limited (SPH) has appointed Dr Lee Boon Yang as Director to its Board with effect from 1 Oct 2011, with a view to his eventual appointment as non-executive Chairman.
Dr Lee, who will also be appointed a member of the Executive Committee, Remuneration Committee and Nominating Committee, will be put up for re-election at the SPH Annual General Meeting on 1 December. If re-elected, he will be appointed Chairman of the Board and Chairman of the Executive Committee. He will continue as a member on the Remuneration and Nominating Committees.
SPH's former Chairman, Dr Tony Tan, resigned on 1 July 2011 to contest in the Presidential Election. He was elected the seventh President of The Republic of Singapore last month (August 2011). Dr Tan had served as SPH Chairman from 2 December 2005.
Dr Lee, 64, was the Minister for Information, Communications and the Arts before he retired from politics on 31 March 2009. In his 24 years of political office, he served in various portfolios, including Minister for Defence, Minister in the Prime Minister’s Office and Minister for Manpower.
Dr Lee is also non-executive Chairman of Keppel Corporation Limited, a position he has held since 1 July 2009.
Dr Cham Tao Soon, 72, Acting Chairman of SPH, said: “On behalf of the SPH Board, I would like to welcome Dr Lee on board. With his extensive experience in varied fields and keen insights into the media industry, Dr Lee will be able to help guide SPH to greater heights.”
Dr Lee said: “I am grateful for the privilege and opportunity to serve on the SPH Board. SPH with its extensive range of multi-lingual media platforms is well placed to cater to the news and information needs of all Singaporeans. I look forward to working with the Board, management and staff to provide better service to our readers be it in print or digital media products. I am confident that by working together we will be able to grow from strength to strength and enhance our stakeholders' interests.”
Dr Lee studied veterinary science at the University of Queensland, Australia. Before he joined politics, he was a veterinarian and R&D Officer in the government’s Primary Production Department. He was also Assistant Regional Director with the US Feed Grains Council and Senior Manager (Projects) with the Primary Industries Enterprise Pte Ltd.
Issued by Singapore Press Holdings Ltd
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For more information, please contact:
Chin Soo Fang (Ms)
Singapore Press Holdings Limited
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About Singapore Press Holdings Ltd
Incorporated in 1984, main board-listed Singapore Press Holdings Ltd (SPH) is Southeast Asia’s leading media organisation, engaging minds and enriching lives across multiple languages and platforms.
Newspapers, Magazines and Book Publishing
In Singapore, SPH publishes 18 newspaper titles in four languages. Every day, 3 million individuals or 77 per cent of people above 15 years old, read one of SPH's news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology. SPH's subsidiaries, Straits Times Press and Focus Publishing, produce quality books and periodicals in English and Chinese.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 265 million page views with 18 million unique visitors every month. Apart from SPH AsiaOne portal, SPH's online and new media initiatives include an online marketplace for products, services and employment, ST701; Stomp, omy.sg, and The Straits Times RazorTV.
SPH has a 20 per cent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8 and U, and a 40 per cent stake in MediaCorp Press Limited, which publishes the free newspaper, Today. In the radio business, SPH has an 80 per cent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations Radio 100.3 in Chinese and 91.3FM in English.
Events and Outdoor Advertising
SPH’s events subsidiary Sphere Exhibits organises innovative consumer and trade events and exhibitions. In addition, SPH has ventured into out-of-home (OOH) advertising through its wholly-owned subsidiary, SPH MediaBoxOffice Pte Ltd, Singapore’s leading Digital Out-of-Home advertising company.
SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. Its latest retail development, The Clementi Mall, started business operations in 2011. SPH's wholly-owned subsidiary, Times Development Pte Ltd, has also developed a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.