June 16, Singtel announced that the chief executive of NCS, a subsidiary of Singapore Telecommunications, will retire. Lim Eng, who is 54 and has worked in Singtel for 30 years, will be replaced by Chief Operating Officer NCS Chia Wee Boon.
June 10, Singtel announced that its CEO for international operations Lim Chuan Poh is also set to retire at the end of this year. He has been with Singtel for 12 years. I don't know his age but he should over 50 too.
Or is Singtel doing a a-la-Chelsea recently when Chelsea released three players (over 30s) including a current German international, Michael Ballack under the pretext of making way for youth?
What possible learning points can we get from Singtel's?
1. Don't fret. They are just 2 personnels out of thousands of people working in Singtel. It is just coincidental that they are senior personnels.
2. Anyone over 50 for corporates should look left and right as the axe is coming.
3. Loyalty has very little weightage.
4. Or having a new man with new perspective/new pair of eyes, critical to the respective business?
5. Or is it purely a corporate governance exercise of rotating OUT its key personnels?
6. Any other unmentionables?
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