Khaw Boon Wan to step down as SPH Media Trust chairman

Khaw Boon Wan, the current chairman of SPH Media Trust, plans to retire from his role after five years in October. He will be succeeded by CEO Chan Yeng Kit, who will continue to serve in his existing position with added responsibilities. The leadership transition, which requires regulatory approval, is set to take effect from October 1.

SPH Media Trust publishes significant publications like The Straits Times and The Business Times. Khaw stated that as the operations of SPH have stabilized, it's an appropriate time for him to step down from his role as a retiree. He expressed satisfaction with the progress made by the management team led by Chan and acknowledged the crucial support from the government in the development of SPH Media Trust.