He will be succeeded by John Ng who served as the company’s CEO from 2009 to 2013.
YTL PowerSeraya’s Chan Swee Huat will step down as the firm’s CEO with effect from 15 January, an announcement revealed.
Although he plans to retire, Chan will continue to serve as an advisor to parent company YTL Power International, the firm added. John Ng who was most recently the CEO for Singapore LNG Corporation (SLNG) will be reappointed as CEO which is a position he held from 2009 to 2013.
Chan joined the firm in July 2001 and served as senior VP of PetroSaya which is the Group’s physical oil trading and fuel oil tank leasing arm for six years before taking over the helm as CEO for five years.
“I congratulate John on his appointment,” Chan said in a statement. “Having worked with him for many years in the earlier days of YTL PowerSeraya, I am very confident that under his leadership, John will continue to lead YTL PowerSeraya to build a sustainable energy future for Singapore.”
Ng is the chairman of the Workplace Safety and Health Council, as well as VP of the Singapore National Employers Federation (SNEF) board, the statement highlighted. He also serves as a board member of the Energy Studies Institute and is a member of the Public Utilities Board Risk Committee.
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