Khaw Boon Wan, 73, retires after stepping down as SPH Media Trust chairman

Khaw Boon Wan, a 73-year-old Singaporean businessman, has retired after serving as the chairman of SPH Media Trust (SMT) and SPH Media Holdings (SPHMH) for five years. His successor, Chan Yeng Kit, SPH Media's chief executive officer, will assume the duties of both executive chairman of SMT and SPHMH. In his farewell remarks, Khaw expressed that this marks the conclusion of a rewarding chapter in his career, praising the strong leadership team he worked with.

He also lauded SPH Media's current strong position and his satisfaction in passing the torch to Chan, emphasizing his leadership and strategic abilities. Khaw expressed confidence in Chan's ability to guide the company through the evolving media landscape, meeting audience needs, and fulfilling its crucial role in fostering an informed citizenry.

Additionally, Kuek Yu Chuang, the deputy CEO of SPH Media, was appointed as the managing director. Khaw's retirement marks part of a broader leadership reshuffle in SPH Media, following the company's transition from a publicly listed entity to a Company Limited by Guarantee (CLG). The organization expressed gratitude to Khaw and outgoing board members for navigating them through the CLG transition and the challenges posed by the Covid-19 pandemic and media landscape shifts.

Prime Minister Lawrence Wong commended Khaw for assuming the role in 2021, following his retirement from politics. Prime Minister Wong thanked Khaw for his leadership during a crucial period of transition and for his years of dedicated service to Singapore. SPH Media is a publisher of The Straits Times and vernacular publications Lianhe Zaobao, Berita Harian, and Tamil Murasu, among other publications.