Kenny Lim
Jan 5, 2009

M1 CEO to step down

SINGAPORE - Singapore's third-largest telco M1's CEO, Neil Montefiore (pictured), will be stepping down with effect from 1 February 2009.

M1 CEO to step down
Montefiore first joined M1 in 1996 to launch its operations in the Lion City in 1997, challenging market leader SingTel’s hold on the local telecommunications industry. In a statement, he said he was now looking “to pursue other personal interests.”

Lim Chee Onn, M1’s chairman, said: “Neil has very ably led M1 from its launch in April 1997, through its public listing in 2002 and to its current strong position in the telecommunications market. M1 is now poised and ready for future challenges and further growth as a multiple play operator. The board and I would like to acknowledge his significant contributions to the success of M1 and wish him well in his future endeavours.”

Meanwhile, M1’s CFO, Karen Kooi Lee Wah, has been appointed acting CEO as Singapore's smallest mobile operator by subscriber base, trailing SingTel and StarHub, begins its search for a new chief.

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