Overview

• 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.