NOL Names Lim as President and CEO

Thursday, June 12, 2003
Singapore-based container shipping group, Neptune Orient Lines (NOL), has appointed David Lim as group president and CEO. Lim will assume his new role on July 10, where he will join Group CFO Lim How Teck as an executive director on the NOL Board. Lim has experience in both the public and private sectors, including as CEO of the Port of Singapore Authority (PSA), where he initiated the global expansion of the world leading transportation hub with the acquisition of the Dalian Port in China; as CEO of China-Singapore Suzhou Industrial Park in China, CEO of Jurong Town Corporation and most recently as a Singapore Government Cabinet Minister. Cheng Wai Keung said the Search Committee established by the NOL Board in January, and made up of himself, Vice Chairman Dr Friedbert Malt, Mr Boon Swan Foo and Mr Connal Rankin, conducted a rigorous global search with the independent assistance of long-established executive search company Heidrick & Struggles. “Our brief to them was that we were looking for someone who could provide leadership for the NOL Group into the future, who thought and acted strategically, and who could articulate and implement the strategy agreed by the Board and senior management team,” Cheng said. “It was also vital to find a leader with qualities that complemented those of the senior management team. Mr David Lim said, “I am looking forward to joining the NOL team and contributing to its development. The Group has been through a challenging time but is now well positioned for the future. My first step will be to get to know the company well, to meet the executive team, staff and customers and to establish relationships with the financial community and other stakeholders. Once I have done that, I will begin to put together a strategic vision for the Group and then we can begin to work on more detailed planning.”
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