SingPost names Teo Swee Lian as new chair as Simon Israel steps down after 9 years

By Phong Ngo May 22, 2025 | 04:23 pm PT

Singapore Post (SingPost) has named Teo Swee Lian, a former top official at the Monetary Authority of Singapore (MAS), as its next chairman, succeeding Simon Israel, 72, who will retire after nine years in the role.

The transition will take place following the company’s upcoming annual general meeting, SingPost announced on May 21.

Teo, 65, will also serve as a non-independent, non-executive director and join three key board committees: finance and investment, compensation, and nominations and corporate governance.

"Her appointment concludes the board renewal process, and she will lead the board in the ongoing strategic reset of the group," Israel said in a statement, as quoted by The Straits Times. "SingPost is undergoing a significant transformation to adapt to the evolving postal, e-commerce and logistics landscape. Her experience will contribute to the board’s oversight and direction for the new strategy."

Teo Swee Lian, SingPost's chairman-designate to succeed Simon Israel. Photo courtesy of SingPost

Teo spent over 27 years at MAS, where she held several senior leadership roles, including deputy managing director for financial supervision. From 2013 to 2015, she served as special adviser, managing director's office.

She is currently chairman and non-executive independent director of CapitaLand Integrated Commercial Trust Management and sits on the board of HSBC Holdings, among other roles.

SingPost is in the midst of a major restructuring and has yet to appoint a new chief executive. In late 2024, the company dismissed three senior executives, including former group CEO Vincent Phang, after an internal probe revealed they had mishandled whistleblower reports related to data falsification in the company’s international business unit.

In April this year, seven more executives reportedly left the firm.

As part of its ongoing overhaul, SingPost announced in February that it would cut around 45 jobs to streamline operations. In March, the company sold its Australian business and began shifting its focus back to core postal and logistics services. The group has since reintegrated its international cross-border operations into its Singapore-based logistics business to improve operational efficiency.