Singapore, 29 December 2016 – The Board of Singapore Post Limited (SingPost) has appointed Mr Paul William Coutts to the position of Group Chief Executive Officer (Group CEO), and as a Non-Independent Director of the SingPost Board effective 1 June 2017.
Mr Coutts’s appointment is unanimously approved by the Board and has received all required regulatory approvals.
It follows a thorough process in which the Board established a Search Committee to support the Board and lead the recruitment of a new Group CEO. A global executive search firm was appointed to identify suitable candidates against a profile of required leadership skills and commercial experience. The search firm also assisted the Search Committee in the evaluation of candidates and in taking references.
Mr Simon Israel, Chairman of SingPost, says, “The SingPost Board is delighted to announce Paul’s appointment as Group CEO. Given his seniority and the experience he brings from an extensive logistics and postal career including global leadership roles, Paul is well positioned to provide overall leadership to the transformation of the Group, integrate SingPost’s eCommerce logistics platforms and build out a globally competitive business.”
Mr Coutts, 60, joins SingPost from Toll Global Forwarding, one of the five divisions in the Toll Group, where he was CEO since February 2013 in a global role based in Singapore. He has more than 20 years of experience in C-suite positions at major global logistics and postal companies. He has attended several executive programmes at the Wharton School of the University of Pennsylvania, Stanford Graduate School of Business, and London Business School.
Mr Coutts says, “It is exciting to have the opportunity to lead SingPost through a transformation into an eCommerce logistics company. The natural fit of postal services with eCommerce logistics, together with Singapore’s strategic position as a hub, provides a platform to build a world-class business.”
About Singapore Post Limited
For over 150 years, Singapore Post (SingPost) as the country’s postal service provider, has been delivering trusted and reliable services to homes and businesses in Singapore.
Today, SingPost is pioneering and leading in eCommerce logistics as well as providing innovative mail and logistics solutions in Singapore and around the world, with operations in 19 markets.
Building on its trusted communications through domestic and international postal services, SingPost is taking the lead in end-to-end integrated and digital mail solutions. The suite of SingPost eCommerce logistics solutions includes front end web management, warehousing and fulfilment, last mile delivery and international freight forwarding.
SingPost has been listed on the Main Board of the Singapore Exchange since 2003. The market capitalisation of SingPost stood at S$3.53 billion as of 31 March 2016.