The CFO of Australian company Freight Management Holdings (FMH) Isaac Mah has been appointed the new Group Finance Chief of SingPost, only recently after overseeing the sale of FMH to Pacific Equity Partners (PEP).
Mah will return to Singapore in the new role following SingPost’s decision to dismiss its previous CFO, Vincent Yik and two other senior executives – CEO Vincent Phang and International Business Unit Chief Li Yu for mishandling a whistleblower report.
The alleged misconduct reported by the whistleblower related to employees within SingPost’s international e-commerce logistics parcels business.
Phang and Yik have already stated their intention to “vigorously contest” the termination of their employment.
PEP is Australia and New Zealand’s leading private markets investor, with its acquisition of FMH valuing the enterprise at A$1.02 billion.
efm Logistics, CouriersPlease, FLIP, Border Express, BagTrans, Niche Logistics, GKR Transport, Formby Logistics and Spectrum Transport Systems all operate under the Freight Management Holdings banner, which is comprised of three operating divisions – fourth-party logistics and warehousing, technology, and transport.
Mah initially joined SingPost in 2019 as its Vice President of Strategic Investments and Integration and has held the role of FMH Group CFO for almost three years.
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