Singapore, 7 March 2006 - Singapore Press Holdings Ltd (“the Company”) wishes to announce that wholly owned subsidiary, SPH Magazines Pte Ltd (“SPHM”)´s Chief Executive Officer, Mr David Tay will be retiring on 31 May 2006 to pursue his personal interests.
The Board of Directors wishes to acknowledge and thank Mr Tay for his 27 distinguished years of service with the Company and its subsidiaries. Through his leadership, SPHM has bridged many thresholds by raising the standards of magazine publication and the visibility of several magazines in the international arena.
The SPHM Board has appointed Mr Loh Yew Seng, currently the Chief Financial Officer for Magazines Business Group, as the Chief Executive Officer, SPH Magazines Pte Ltd. Mr Loh´s appointment will take effect from 1 June 2006. In the meantime, he will cover the duties of Mr Tay whenever he is on leave.
Mr Loh, aged 35, is also Vice-President, Finance of SPH. Prior to joining the Company in July 2001, he held notable corporate finance and financial analyst positions in Banque International a Luxembourg, Van der Horst Limited and Visa International. He began his career in 1994 with Arthur Andersen. Mr Loh holds a Bachelor of Accountancy, Honours (Second Class, Upper) from Nanyang Technological University and has been a Chartered Financial Analyst since 1999.
The Company wishes Mr Tay all the best in his future endeavours and good health during his retirement, and SPH Magazines Pte Ltd continued success under the new management.
Issued by Singapore Press Holdings Limited
Co. Regn. No: 198402868E
For more information, please contact :
Mr Arnold Gay
Singapore Press Holdings
Tel: 6319 1216
Fax: 6319 8150
Main board listed Singapore Press Holdings Limited is the leading media company in Singapore, in the print, Internet and broadcasting platforms. It publishes 13 newspapers in the four official languages and more than 80 magazine titles. Everyday, 2.8 million individuals, or 88 per cent of the people above 15 years old, read one of the SPH publications. Its Internet Business Unit manages the online editions of SPH’s major newspapers and magazines, which together enjoy over 300 million pageviews a month.
SPH also owns a 20% stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, U and TV Mobile, and a 40% stake in MediaCorp Press Pte Ltd, which publishes free sheet Today. SPH has a 70% stake in UnionWorks which operates two entertainment radio channels, UFM 100.3 FM in Chinese and WKRZ 91.3 FM in English, and owns an 80% stake in SPH MediaBoxOffice Pte Ltd, Singapore´s largest LED network media company.