ST Engineering Annual Report 2020

CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT The Defence & Public Security cluster integrates the Group’s defence capabilities into one single cluster to drive stronger customer-centricity as it is better aligned to the integrated approach that defence customers are increasingly adopting for technology development and deployment. The cluster comprises the following Defence Business Areas: Digital Systems and Cyber, Land Systems, Marine and Defence Aerospace, that provide holistic solutions across air, land, and sea to meet our defence customers' needs. The Public Security part of the cluster, which was previously part of the Electronics sector, will continue to offer the Group’s integrated safety and security solutions to public agencies around the world to manage intrusions, critical infrastructure, airspace and ports, among others. The Defence & Public Security cluster today has a substantial overseas presence and the new organisation setup will help us to further expand our global footprint. Deepening technology and engineering core The core of our business lies in technology and engineering and they are at the heart of every new innovation. We set up a Group Engineering Centre to focus on translating near-term technologies into products and solutions. This Centre will work closely with our Group Technology Office to drive advanced technology and engineering applications for both defence and commercial businesses. These two functions will augment business-specific engineering teams that will continue to be deployed Executive Officer, the Group Chief Financial Officer (CFO) and two Group Chief Operating Officers (COOs), replaces the Management Committee. The Group Executive Committee is supported by the Group Senior Business Council, comprising a team of senior leaders across the Group. Lim Serh Ghee, who was appointed to the position of COO in October 2020, is responsible for driving cost efficiency as Group COO (Operations Excellence). He is concurrently the Chief Commercial Officer, overseeing the Commercial cluster. Meanwhile, Ravinder Singh has been appointed as Group COO (Technology & Innovation), with the mandate to deepen our technology and engineering core, as well as drive innovation across the Group. He will also head the Defence & Public Security cluster. The creation of these Chief Operating Officer roles reinforces the Group’s resolve to enhance our global competitiveness through excellence in operations, and our core strengths in technology and engineering that are built around a strong culture of innovation. Building global scale and success The Commercial cluster fuels the Group’s international growth in Commercial Aerospace, Urban Solutions and Satellite Communications. These are known as Global Business Areas (or GBAs) to reflect the Group’s aspirations to build global champions. The Commercial Aerospace GBA continues to drive long- term growth through lines of business in Aerostructures and Systems, MRO and Aviation Asset Management. The Urban Solutions GBA and the Satellite Communications GBA spearhead our Smart City growth. Collectively, they hold most of our smart city business lines. More importantly, domain expertise and technology which previously resided across four sectors are now part of an integrated unit. This gives us a comprehensive and integrated suite of smart city go-to-market solutions to help our customers transform cities into connected, resilient and sustainable spaces. 07 ANNUAL REPORT 2 0 20 / "Despite the pandemic, we decided to proceed with the redesign of the Group’s organisation structure so that we can be better positioned for growth when the economy recovers."