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SATS adds Sustenir Group’s executive chairman to its board

Pier Sigismondi will serve as an independent non-executive director of SATS.

SATS has appointed Pier Luigi Sigismondi as an independent non-executive director and a board member of its risk and safety committee.

Sigismondi is the executive chairman of Sustenir Group, the Temasek-backed vertical farming startup in Singapore.

In a bourse filing, the airport service company said Sustenir Group may enter into transactions with the SATS Group “from time to time.”

To mitigate any conflict of interest between the two companies, SATS said Sigismondi will “recuse himself from participating in all matters between SATS Group and Sustenir Group, and/or any of Sustenir’s competitors.”
 

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