SingPost chief steps down

SingPost CEO Dr Wolfgang BaierSingPost CEO Dr Wolfgang Baier has announced his resignation from the helm of the business he has successfully transformed into a regional eCommerce logistics specialist.

Dr Baier will support a handover until June 30 next year, or earlier.

To ensure a smooth transition, deputy chairman Goh Yeow Tin will take on the role of an executive director for 12 months from January 1 while the company’s board searches both internally and externally for a successor to Baier.

SingPost says Goh will oversee the group’s post-merger integration activities, the business and operations in Singapore. Mervyn Lim, Deputy GCEO (Corporate Services), will cover the work of the GCEO and  SingPost chairman Lim Ho Kee will step up his involvement to provide management with more time and guidance over and above the normal oversight of the role as SingPost continues accelerating its transformation – a journey which began more than a decade ago, in the face of declining letter mail volume.

Chairman Kee said the Board appreciates and thanks Wolfgang for his leadership and role in accelerating SingPost’s transformation.

“Under Wolfgang’s leadership and great team effort, SingPost has been established as a regional leader in eCommerce logistics business, with a strong focus on digitising our business. We are happy to have provided guidance to him and the SingPost team with creating an ecosystem to support the fast evolving digital and eCommerce logistics business in the region. We wish Wolfgang every success in his new endeavours.”

Baier joined SingPost as CEO (international) in February 2011 to oversee the development of SingPost’s international wing and eight months later was promoted to GCEO to lead SingPost in what the board describes as “a crucial stage” of the company’s transformation.

Baier, 41, said it has been an “exciting journey” with the entire SingPost team as we stepped up SingPost’s transformation from a domestic mail player to a regional eCommerce logistics leader.

“I am moving to new endeavours and will ensure a smooth handover before I leave. On a more personal note, I will certainly miss the camaraderie and energy at all levels. I am confident that SingPost is well positioned to ride on the huge eCommerce opportunities to become one of the global leaders in eCommerce logistics.”

As at September 30, SingPost’s eCommerce related revenue and overseas revenue accounted for 69 per cent of its turnover as SingPost expanded internationally through acquisitions and leveraged the rapid growth in the regional eCommerce market.

As reported by Inside Retail Singapore last month, SingPost announced an organisation structure to further reinforce its management bench strength based on four pillars of eCommerce, Postal, Logistics and Operations, and Corporate Services.

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