30 October 2003 – Two senior members of the Board of Directors of Singapore Press Holdings Limited (SPH), who have been with the media group’s Board for over 19 years, are stepping down in December 2003.
The SPH Board of Directors today announced that Mr Lee Hee Seng and Mr Wee Cho Yaw have indicated their desire not to seek re-election at the Company’s Annual General Meeting (AGM) on 5 December 2003.
Both Mr Lee and Mr Wee have been with the Board since SPH was established in August 1984. Before that, they had served on the boards of the Chinese newspaper companies in the group.
Mr Lim Chin Beng, Chairman of SPH said: "It is with much regret that the SPH Directors accept their decision to step down. On behalf of the Board, I would like to express our deepest appreciation and heartfelt thanks to Mr Lee and Mr Wee for their invaluable and unstinting guidance and contribution to the Board.
"The Board wishes both of them all the best in their future endeavours."
As part of the continuing renewal process, the Board announced that it will be presenting two new candidates for election as directors at the upcoming AGM.
Both Dr Pillai and Mr Sum will be considered independent directors. Dr Pillai will be appointed a member of the Remuneration Committee and Mr Sum, a member of the Audit Committee, upon their election to the Board. With their diverse experience, they will be a valuable addition to the SPH Board.
Issued by Singapore Press Holdings Limited
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Main board listed Singapore Press Holdings Limited is the leading news and information provider, offering quality content for print, Internet, TV and radio. It publishes 14 newspapers in the four official languages and six lifestyle periodicals. Everyday, 2.78 million individuals, or 90 per cent of people above 15 years old, read one of the SPH publications while the online editions of its six main dailies enjoy some 120 million pageviews a month. SPH has ventured into the broadcast medium and operates two popular free-to-air TV channels, Channel U in Chinese and Channel i in English. It also operates two entertainment radio channels, UFM 100.3 FM in Chinese and WKRZ 91.3 FM in English, under a joint venture company UnionWorks with NTUC Media.