ComfortDelGro Corporation Limited announced that its Founding Chairman, Lim Jit Poh will retire after 20 years at the helm. One of corporate Singapore's longest serving chairmen, Mr. Lim, who was instrumental in the merger of Comfort Group and DelGro Corporation in 2003, will not be seeking re-election at company's Annual General Meeting (AGM) on 28 April 2023. Taking over the chair from Mr. Lim will be Mr. Mark Greaves, who has been on the ComfortDelGro Board since May 2020 and will be seeking re-election at the upcoming AGM. Mr. Greaves, 66, is an accomplished banker and businessman. He spent 25 years with global merchant banking group, N M Rothschild & Sons, and subsequently left to set up his own corporate consulting and strategic advisory practice. He has been based in Asia for over 40 years and has extensive experience on listed company boards in Singapore, the United Kingdom and elsewhere. Mr. Lim, who will be accorded the Chairman Emeritus title after his retirement in April, has been Chairman of ComfortDelGro since its formation in 2003. His tenure with the public transport group however goes back to 1981, when he joined vehicle inspection company VICOM Ltd. as one of its founding directors. Besides Mr. Lim, Ms Adeline Sum will also be retiring at the upcoming AGM having reached the end of her term under the normal rotation rules. Ms Sum, who has been with the Board since 2007, has served as Chairman of the Company's Audit and Risk committee and a
member of all the other committees like Nominating and Remuneration, Investment, Digitalisation and Sustainability during her tenure. With Mr. Lim and Ms Sum stepping down, the average tenure of the Board will be 2.4 years. The longest serving director will have been on the Board for 5.5 years.