New NOL Group CEO Takes Over Tomorrow

(Press Release)
Friday, September 30, 2011

NOL Group has completed the transition to a new CEO and that Ng Yat Chung will take the helm of the global transport and logistics company October 1, 2011.  Mr. Ng, an NOL Executive Director since May, will succeed Ron Widdows who retires from the company Dec. 31.
“We have completed the implementation of our executive succession plan and are moving ahead under Yat Chung,” said NOL Chairman Cheng Wai Keung.  “There are important decisions to be made that will affect NOL into the future, thus it is a good time to put our new management team in place.”
Mr. Ng, a former Temasek Holdings executive and one-time Chief of Defence Force in the Singapore Army, takes control of a leading name in trade, transportation and logistics.  NOL is the parent of APL, the world’s seventh-largest container shipping line.  Its other major brand is APL Logistics, the global supply chain management business.
NOL designated Mr. Ng as its next CEO last April when Mr. Widdows announced he would retire from NOL after 30 years with the company.  NOL said the transition to new leadership has concluded ahead of schedule, permitting the company to accelerate succession plans in the midst of a difficult operating environment for transportation and logistics providers.  Mr. Ng moves to the Chief Executive’s role while Mr. Widdows becomes a Senior Advisor to the company.
“At the most senior level, we have been since mid-year, in the process of a transition of leadership which was intended to be complete at the end of this year,” Mr. Ng and Mr. Widdows said in a joint statement.   “It has become clear that the environment has changed, that numerous important decisions need to be taken and that most of those will have an effect on our business and our company well beyond the end of this year.  As such, we both feel strongly that it is in the best interest of the company that the new leadership begins to drive the company and shape these important decisions now, and not wait until 2012.”
Acknowledging Mr. Widdows’ contribution to NOL, Mr. Cheng said: “On behalf of the Board of Directors, I would like to thank Ron for helping to shape the company with his skills, energy and drive during his dedicated service to the Group.  We are pleased that we shall continue to have Ron on the team, to benefit from his counsel and extensive experience as he stays on in his new role as Senior Advisor.”

Maritime Reporter September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NYK Opens New Planning Center in Kumamoto

On September 1, 2014, NYK and Kozo Keikaku Engineering Inc. established a stowage planning center for container shipping at the Kumamoto office of Kozo Keikaku Engineering Inc.

TNO Receives 'International Media Award for Prevention'

The Engagementgame developed by TNO in collaboration with partners is the winner of the 'International Media Award for Prevention' in the category Multi Media.

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

People in the News

More German Shipowners Look to Gibdock for Repairs

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent

Wärtsilä Reshuffles Two Top Managers

The following appointments have been made in the management inform Wärtsilä Corporation: Mr Rakesh Sarin (59), B.Sc. (Eng.), has been appointed President of Power Plants,

Clarksons PLC Perform Strongly in 1H 2014

Leading shipping services group, Clarksons PLC reports strong strong financial performance in the first half of 2014. Financial Results Clarksons increased revenues by 25% to £111.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1581 sec (6 req/sec)