Telecoms service provider StarHub on Friday said its Chief Executive Tan Tong Hai will step down from his position effective May 1.
Tong Hai, 54, will also relinquish his appointment as Executive Director of StarHub from the same date, it said in a regulatory filing.The company said it is looking for a replacement.
Tong Hai, who joined StarHub in 1999, worked with Pacific Internet and Singapore Computer Systems before returning to become StarHub Chief Operating Officer in January 2009. He was was promoted as CEO and Executive Director of StarHub in 2013.
"I have achieved what I set out to do for StarHub to grow its Enterprise Business and I believe it is now the right time for me to step down to pursue my own interests," Tong Hai said in a statement.
Under Tong Hai's leadership, StarHub grew its enterprise business to more than $900 million,
transforming the company into more than a consumer and household brand. He was also instrumental in growing the company with significant acquisitions and investments in profitable companies such as mm2 Asia and Accel Systems & Technologies.