Singapore, 14 April 2020 – Singapore Technologies Engineering Ltd (ST Engineering or the Company) today announced that Dr Beh Swan Gin, who will be retiring as an independent non-executive Director of the Company at the 23rd Annual General Meeting of the Company (AGM), will not be seeking re-election at the AGM. ST Engineering had previously announced that the AGM, which was originally scheduled for 23 April 2020, would be deferred to a future date to be determined, due to the Covid-19 situation.
Dr Beh joined the Board in September 2014 and has served as a member of the Budget and Finance Committee since May 2015, including after it was revamped and renamed as the Strategy & Finance Committee in 2017. His decision not to seek re-election is due to his other commitments.
ST Engineering will announce the effective date of cessation of Dr Beh as a Director, after the date for the deferred AGM has been determined, and the AGM has been held accordingly.
In the meantime, the Board of Directors wishes to thank Dr Beh for his invaluable contributions to the Board and Board Committees on which he has served.
ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 23,000 people across offices in Asia, Europe, Middle East and the U.S., serving customers in more than 100 countries. Its employees bring innovation and technology together to create smart engineering solutions for customers in the defence, government and commercial segments. With more than 700 smart city projects across 130 cities in its track record, the Group continues to help transform cities through its suite of Smart Mobility, Smart Security and Smart Environment solutions. Headquartered in Singapore, ST Engineering reported revenue of $7.9b in FY2019 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index. For more information, please visit www.stengg.com.
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