Singapore, 10 March, 2014 - 701Search Pte Ltd (“701Search” or the “Company”) announced today that its Chief Executive Officer, Mr Julian Tan, would be departing from 701Search to return to one of its shareholders, Singapore Press Holdings Limited (“SPH”), to head its new digital division.
The process of finding Mr Tan’s successor in 701Search has begun. Upon the appointment of the new CEO and successful handover, Mr Tan will depart from the Company. Notwithstanding his departure, Mr Tan will continue to maintain his links with 701Search as a shareholder representative on the Board of Directors of the Company.
Commenting on Mr Tan’s impending departure, Mr Robert Steen, Chairman of 701Search said: “In the last six years, 701Search has experienced tremendous growth. This would not have been possible without Julian’s skillful leadership and stewardship. On behalf of the Board, I would like to thank Julian for his dedication and never-ending hard work to grow the business of 701Search. While we will miss his presence, we also look forward to having Julian’s contribution as a part of the Board. We are also grateful and certain that Julian will ensure a smooth transition to the new CEO that we now have started our search for.”
Mr Tan joined 701Search as its CEO in August 2008 and has been the driving force behind the growth of the Company. Under Mr Tan’s leadership, 701Search grew from a start-up in a single location to a regional company with a strong footprint in the Southeast Asian region today. The Company now operates leading and fast-growing online classifieds sites in Malaysia (Mudah.my), Vietnam (ChoTot.vn), Indonesia (Berniaga.com) and the Philippines (AyosDito.ph). This is a strong testament to the impressive force that 701Search has become in the last six years.
“My time at 701Search had been a very exciting and fulfilling six years. During this period, I had the opportunity to work with many talented individuals. Together, we built 701Search into one of the largest online classifieds companies in Southeast Asia. This success would not have come without the dedication and passion of the team. I am confident that this strong team will be able to strengthen 701Search’s market-leading positions and bring it to the next level of growth. I would also like to express my appreciation to the Board and our shareholders for their support and trust in me all these years,” said Mr Tan.
701Search has actively commenced its search for a new CEO and the Board of Directors will review potential internal and external candidates to succeed Mr Tan.
Issued by 701Search Pte Ltd
Co. Regn. No. 200613507R
For more information, please contact:
Marilyn ChiaLegal and Corporate Communications Director
701Search Pte Ltd
DID: 6319 1590/6319 2788
HP: 9818 4656
Deror Wong (Mr)
Corporate Communications & CSR
Singapore Press Holdings Ltd
DID: 6319 1226
HP: 9848 6934
701Search Pte Ltd is a joint venture between Southeast Asia's leading media organisation Singapore Press Holdings Limited, Norway’s Schibsted Media Group and Norway’s telecommunications group Telenor. It is a new media company, specialising in online classifieds services for the Asia-Pacific region. The service allows anyone to buy and sell online in his or her region easily.
Headquartered in Singapore, the company currently operates online classifieds websites in Malaysia (www.mudah.my), Philippines (www.ayosdito.ph), Indonesia (www.berniaga.com) and Vietnam (www.chotot.vn).
Launched in November 2007, Mudah.my is now the largest online marketplace in Malaysia. Berniaga.com and Ayosdito.ph have also made major in-roads in their respective markets in Indonesia and the Philippines. Despite just being over a year old, Chotot.vn is now the largest online marketplace in Vietnam as well as the fastest growing Vietnamese website.