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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Pollet to Lead R&D at Coldharbour Marine

Coldharbour Marine Ltd. has appointed Professor Bruno Pollet to head its R&D department.   Bruno Pollet moves to Linby, Nottinghamshire from the University of the Western Cape,

ClassNK Opens R&D Center in Singapore

Classification society ClassNK promoted the activities of its new Global Research and Innovation Center (GRIC) at a press conference held today in Singapore.   Joined

ABS Appoints New Chief Technology Officer

ABS named Howard Fireman as Senior Vice President and Chief Technology Officer (CTO) effective April 20 in a move that strengthens alignment and generates further

People in the News

ExxonMobil President Seeks Swift Action on US LNG Exports

The United States is at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production unless the government moves

Gethings Joins Seaspan Marine as Business Development VP

Jenny Gethings has been named vice president of business development at Seaspan Marine, the company announced.   Gethings will lead Seaspan’s business development

ICS Chairman Warns of Regional Regulation Chaos

Addressing members of the Singapore Shipping Association, the Chairman of the International Chamber of Shipping, Masamichi Morooka, warned about the dangers of

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.1458 sec (7 req/sec)