DBS planning successor for long-term chairman Peter Seah: Bloomberg
This follows an announcement that Seah is resigning from his chairman post at the National Wages Council
DBS Bank is reportedly developing a succession plan for its long-serving chairman, Peter Seah, who has been in the position for more than 16 years. Seah, 79, has served as non-executive chairman of the Singapore bank since he joined the board in 2009 and became chairman a year later. In addition to his role at DBS, Seah is also the chairman of the National Wages Council, Singapore Airlines, and GIC, Singapore's sovereign wealth fund.
He is a member of several other corporate boards and committees, and has held senior positions in the banking industry for more than three decades. Seah was re-elected as chairman at the most recent annual shareholders’ meeting in March. Despite recent strong performance for DBS, including soaring stock prices, the bank is working on a plan to bring in a new leader to succeed Seah.
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