SINGAPORE: Teo Lay Lim, former chairman of Accenture Singapore, has been named chief executive of the Press Holdings media group.
She will take over from interim chief executive and veteran journalist Patrick Daniel from March 1, SPH Media Trust said in a media briefing on Monday (February 7).
SPH Media Group, which was spun off from Singapore Press Holdings (SPH), announced last year that it would transfer its core media business to a not-for-profit entity amid falling advertising revenue.
During her 30 years with IT services and consulting firm Accenture Singapore, Ms. Teo has held various leadership roles, including as CEO of Accenture Southeast Asia from 2011 to 2020.
“She is a seasoned business leader with a proven track record of building businesses from the ground up. Ms. Teo launched Accenture’s CRM practice in 2000 and Accenture Analytics and Accenture Sustainability Services in 2008 , these were still emerging areas at the time,” said SPH Media Trust.
Mr Khaw Boon Wan, chairman of the SPH Media Trust, said Ms Teo had “a keen sense of creating opportunities for business growth”.
“Above all, she is passionate about building and transforming people and organisations for the long term. The Group looks forward to working closely with Lay Lim on strategy to underline its vision and mission to produce quality journalism you can trust,” added Mr Khaw.
He also thanked Mr. Daniel for coming out of retirement as interim CEO.
“Under the new not-for-profit economic structure, he led the restructuring of SPH’s media business and enabled the newsroom to chart a bolder digital transformation journey,” Mr Khaw said.
On her appointment as CEO, Ms Teo said: “I am honoured to have the opportunity to serve as CEO of SPH Media Group at this exciting time.
“As we work to keep up with the ever-changing media landscape, I will work closely with my colleagues on this transformation journey to create trusted products for our always-connected audiences.”
