Singapore, 16 October 2006 - Singapore Press Holdings (SPH) wishes to announce that Mr Arthur Seet, Executive Vice President, Special Duties, SPH and concurrently, Chairman of SPH Magazines Pte Ltd (SPH Magazines) will be retiring on 30 November 2006.
In his 32 years with the SPH Group, Mr Seet has held various positions including Executive Vice President of Finance of SPH and also finance positions in Times Publishing Berhad and Singapore Newspaper Services Pte Ltd, including Financial Controller and General Manager of Circulation. He became Chairman of SPH Magazines in January 2004.
Mr Alan Chan, SPH CEO said: "Arthur had been the stalwart of the Finance Division and put in place various control and capital management measures. Over the last two years he led SPH Magazines in its regional expansion, with the acquisition of the Blu Inc Group companies and forging of joint venture partnerships in China, Thailand, Malaysia and Indonesia. SPH Magazines revenue grew from $17 million in 2004 to $65 million today."
Mr Alan Chan will be appointed Chairman of SPH Magazines´ Board with effect from 1 December 2006. Mr Robin Hu, Executive Vice President of SPH´s Chinese Newspapers and Newspaper Services Divisions will be Deputy Chairman of the Board with effect from the same date.
"On behalf of the Company, I would like to thank Arthur for his dedication and commitment during his tenure of service in the SPH Group and I wish him good health and happiness in his retirement," said Mr Alan Chan.
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About Singapore Press Holdings Limited
Main board listed Singapore Press Holdings Limited is the leading media company in Singapore, in the print, Internet and broadcasting platforms. It publishes 14 newspapers in the four official languages, including Singapore’s first free Chinese newspaper, My Paper, and over 80 magazine titles. Everyday, 2.7 million individuals, or 83 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, which enjoy over 100 million pageviews from 6 million unique visitors every month. More recent online additions are the classified website, ST701, and STOMP (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Internet and via mobile messaging.
SPH owns and operates Paragon, the prime shopping and office building in the heart of Orchard Road. Paragon features international brands and luxury goods, restaurants serving wide-ranging cuisines and lifestyle facilities such as spas and a fitness club.
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 SPH UnionWorks, which operates two entertainment radio channels, Radio 100.3 in Chinese and Radio 91.3 in English. In addition, SPH holds an 80% stake in SPH MediaBoxOffice Pte Ltd, Singapore’s largest LED network media company, and a 35% stake in TOM Outdoor Media Group, a leading outdoor advertising company in China.