SingPost Dismisses Three Top Executives Following Whistleblower Investigation

The board cites serious misconduct and governance failures in the handling of whistleblower reports, as the company faces leadership gaps and shareholder concerns.

• SingPost terminated its Group CEO, Group CFO, and International Business Unit CEO for gross misconduct related to whistleblower investigations into falsified delivery data.
• The board emphasized that the decision was based on thorough investigations, legal advice, and a commitment to governance principles to protect the company's interests.
• Investigations revealed that senior management made unsubstantiated claims that contradicted internal audit findings, undermining the whistleblowing process and risking further reputational damage.
• The company's share price dropped nearly 11% following the announcement, exacerbating existing business challenges and raising concerns over its corporate governance and leadership stability.
• Succession plans are in motion, with interim appointments made for key positions, while the search for a new Group CEO continues.

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