[SINGAPORE] Keppel has appointed former DBS chief executive Piyush Gupta as deputy chairman and non-executive independent director of its board, effective Jul 1.
Gupta will also be appointed a member of the nominating committee, remuneration committee and the board sustainability and safety committee in July.
He recently retired from his role as DBS CEO in March after 15 years.
He currently holds several appointments, including that of chairman of the board of trustees of the Singapore Management University; chairman of Mandai Park Holdings; board member of the Singapore National Research Foundation; as well as board member of the Ministry of Trade and Industry’s Future Economy Advisory Panel.
In a press statement on Thursday (May 29), Keppel chairman Danny Teoh lauded Gupta’s track record at DBS and said he was confident of the former CEO’s leadership and experience in driving business and digital transformation as Keppel works towards becoming a leading global asset manager and operator.
Following Gupta’s appointment on Jul 1, Keppel’s board will comprise a total of nine directors, of whom seven are independent directors.
Said Gupta: “Keppel is an iconic Singapore institution, with a great history and track record. It is currently at an important threshold, as it reinvents itself as a global asset manager with strong operating capabilities.”
Shares of Keppel closed at S$6.85, up S$0.06 or 0.9 per cent on Thursday, before the announcement.
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