Companies Markets

Norman Ip to tip down as Excellent Eastern'' s non-executive, non-independent supervisor

Wonderful Eastern Holdings G07 on Friday (Feb 25) introduced that Norman Ip will certainly tip down from his duty as a non-executive, non-independent supervisor of the board on Feb 28, a setting he has actually held for greater than 9 years.

The 69-year-old is likewise a participant of the team’s nominating as well as danger monitoring boards, claimed the team in a declaring to the Singapore Exchange.

According to Great Eastern Life’s web site, Ip was initially designated to the board on Mar 5, 2010, as well as was last re-elected as a business supervisor on Apr 18, 2019.

He acted as Excellent Eastern’s acting team president from Jul 1, 2014 to Nov 1, 2015, as well as is likewise a supervisor of a variety of Excellent Eastern’s primary insurance coverage subsidiaries, consisting of Excellent Eastern Life as well as Great Eastern General Insurance Policy.

Ip is likewise the chairman of a variety of Excellent Eastern’s Malaysian subsidiaries.

Shares of Great Eastern finished Friday at S$ 20.65, down 0.6 percent or S$ 0.12.


Excellent Eastern Q4 earnings drops 33% yet messages full-year rise

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