SingTel group CFO Francis Heng has resigned from the post, just 11 days ahead of the company’s second quarter results.
Heng, 48, who has been in the post for 17 months, will leave the company on September 1, SingTel said in a statement. He will be replaced by Optus CFO Jeann Low, 47, who will continue in the Optus post as well.
The company gave no reason for Heng’s unexpected departure.
For the year ended March 31 SingTel posted a 4.8% gain in net profit to S$3.96 billion ($2.89 billion).
It gave a cautious forecast for the 2008-09 financial year, but said it expected growth in both revenue and Ebitda from its two largest operations in Singapore and Australia.
Source:telecomasia.net
