Singapore, 23 March 2012 – SATS Ltd. (SATS) announces today that it has completed its extensive search for the President and CEO (PCEO) position. Following a rigorous selection process involving a number of outstanding internal and external candidates for this role, the Board is pleased to appoint Mr Tan Chuan Lye as the Group’s PCEO with effect from 1 April 2012.
Currently, Chuan Lye is the Acting CEO and Executive Vice President, Food Solutions of SATS. A veteran in the aviation industry, he has been with the Group since 1976. In a career spanning 35 years, Chuan Lye has held managerial positions in SIA Ground Services and SATS Airport Services, and was responsible for both SIA and SATS’ Changi Terminal 2 operations. He was appointed Senior Vice President for Catering in 2000 and was promoted to Executive Vice President, Food Solutions in 2009 to oversee and grow SATS’ aviation and non-aviation food businesses.
Said Mr Edmund Cheng, Chairman of SATS: “We are very pleased to select Chuan Lye to helm the Group. Since he assumed the position of Acting CEO in July 2011, Chuan Lye has demonstrated strong leadership capabilities and was ably supported by his management team and staff. Over the years, he has been closely involved in growing and transforming SATS to what it is today.
“As we enter into this challenging period faced by the aviation industry, my fellow Directors and I are confident that Chuan Lye is well placed to steer the Group in the right direction to achieve its long-term vision. We look forward to continue working with him and his team to further strengthen SATS’ position as the leading provider of gateway services and food solutions in the Asia Pacific region as well as lay the foundation for its next stage of growth.”
About SATS Ltd.
With over 60 years of operating experience and a growing regional presence, SATS is Singapore’s leading provider of gateway services and food solutions.
Our comprehensive scope of gateway services encompasses airfreight handling, passenger services, ramp handling, baggage handling, security services, aircraft interior and exterior cleaning as well as cruise handling and terminal management. Our food solutions business comprises airline catering, institutional catering, and food distribution and logistics.
Today, SATS handles about 80% of the scheduled flights and serves close to 60 scheduled airlines at Singapore Changi Airport. We are present in 36 airports in 10 countries and through our non-aviation food business, we have also established our presence in Australia and China.
SATS has been listed on the Singapore Exchange since May 2000. For more information, please visit www.sats.com.sg
