Jurong, Keppel Hook Up Still Possible
Keppel Corp's outgoing chairman Sim Kee Boon said he did not rule out the merger of the Jurong and Keppel shipyards in the future. "It is quite possible. I will not rule it out. But let the dust settle first and take stock of what we have," Sim said. "It is not a matter of neatness but also a matter of culture, market conditions as well as management," he said. Jurong Shipyard, owned by SembCorp Industries and Keppel's Keppel Hitachi Zosen are Singapore's two biggest shipyards and among Southeast Asia's dominant yards. Speculation has been rife over their eventual merger following persistent comments by Chairman of the Economic Development Board Philip Yeo that Singapore did not need more than one mega yard.
Keppel Elects New Executive Chair
Keppel Corp. Limited and Keppel TatLee Bank Limited have appointed Lim Chee Onn as executive chairman upon the retirement of Sim Kee Boon, effective January 1, 2000. Boon will continue to act as senior advisor to the Keppel Group. Onn, who holds a BSc in Naval Architecture from the University of Glasgow and a Masters in Public Administration from Harvard University, has been senior executive director of Keppel Corp. since September 1983.
Keppel Elects New Executive Chair
Keppel Corp. Limited and Keppel TatLee Bank Limited have appointed Lim Chee Onn as executive chairman upon the retirement of Sim Kee Boon, effective January 1, 2000. Boon will continue to act as senior advisor to the Keppel Group. Onn, who holds a BSc in Naval Architecture from the University of Glasgow and a Masters in Public Administration from Harvard University, has been senior executive director of Keppel Corp. since September 1983.
Sim Kee Boon Retires from Keppel
Keppel Corporation Limited (KCL) announced that Sim Kee Boon will retire from the position of Senior Advisor at the end of June. He was appointed Senior Advisor to the Keppel Group in January 2000, when Lim Chee Onn succeeded him as Executive Chairman of KCL. "The Board and Management of KCL truly appreciate Mr Sim's immense contribution and total dedication to the Keppel Group for the past 19 years. Keppel has grown and benefitted from his business acumen, network and experience. Currently Advisor to the Civil Aviation Authority of Singapore (CAAS) Board and the Lum Chang Group Simis also a Member of the Singapore Council of Presidential Advisors since 1997 and a Director of Temasek Holdings since January 2000.
