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SINGAPORE: Singapore Business Federation (SBF) executive director Ho Meng Kit will step down and his deputy Lam Yi Young will succeed him, SBF said on Wednesday (December 2).
Mr. Lam will be appointed as the new CEO on January 1, while Ho will retire the same day after “10 years of excellent service,” SBF said in a press release.
He added that Ho will continue to “help SBF as a senior advisor.”
SBF said that after its appointment in 2011, its membership grew by almost 50 percent from 18,400 to 27,200 members today.
And in 2013, the SBF Foundation was created as a business community platform for corporate social responsibility.
The federation also said that it moved into its new, permanent facilities at SBF Center in 2017 to provide “a better space for members to network and for SBF to work with its members.”
“Under Mr. Ho’s leadership, SBF established itself as Singapore’s premier chamber of business with a strong commitment to serving the business community while creating value for its members,” he said.
SBF added: “Over the past decade, companies have had to grapple with challenges such as increasing trade protectionism, digitization, and the ongoing COVID-19 pandemic. Mr. Ho has helped manage SBF and the business community at through these challenges. “
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BACKGROUND OF MR. LAM
Mr. Lam will take over as chief executive officer “to take SBF to its next stage of growth,” the federation said.
Prior to joining SBF in July 2020, Mr. Lam held various leadership positions in the public service, including as Undersecretary (Industry) in the Ministry of Commerce and Industry, Undersecretary (Politics) in the Ministry of Education, and Executive Director Maritime and Port Authority of Singapore.
Mr Lam said: “As Singapore continues to work towards an economic recovery after COVID-19, SBF will have a lot to continue to do to help our companies emerge stronger.”
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SBF Chairman Lim Ming Yan thanked Mr. Ho for his “great contributions to SBF and the business community in Singapore over the past 10 years.”
“Under his visionary leadership, SBF has grown to become a highly respected and recognized chamber of commerce both locally and internationally,” he said.
Welcoming Mr. Lam to his new role, Mr. Lim said, “Yi Young’s experience in developing industry transformation maps and his in-depth knowledge of the Singapore economy will be valuable in deepening the role of SBF as the leading chamber of business moving forward. “
