Singapore Post has fired three senior executives following an investigation into a whistle-blower report received earlier this year.
The immediate terminations announced on Dec 21, 2024, involved group CEO Vincent Phang, CFO Vincent Yik, and the International Business Unit CEO, Li Yu.
An acting CEO for the IBU will also be appointed, with the company noting that no permanent replacement for Mr Li is proposed at this stage.The decision follows a whistle-blower’s report related to SingPost’s non-regulated international e-commerce logistics business earlier this year. The company said the report led to an internal investigation which uncovered “serious breaches of the company’s code of conduct.
The review found that Mr Phang, Mr Yik, and Mr Li had been “grossly negligent” in handling the internal investigation. They failed to consider important facts that affected their decision-making and/or did not perform their duties properly. SingPost has assured that postal services in Singapore will not be affected by these changes, as each of its business segments has its own leadership team. The company also clarified that its business operations would continue normally.
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