The Board of Directors of Keppel Corporation Limited (Keppel) announced that Mr. Kevin Chng, 51, will be appointed Chief Financial Officer (CFO) of Keppel with effect from 1 January 2024. Mr. Chng, who is currently Deputy CFO, will succeed Mr. Chan Hon Chew, who will retire on 31 December 2023 after serving as CFO of Keppel for close to 10 years. Mr. Chng joined Keppel in 2016 and has held various leadership positions in the Company, first as the General Manager of Group Risk and Compliance at Keppel, before being appointed Chief Financial Officer of Keppel Offshore & Marine (Keppel O&M), then a wholly owned subsidiary of Keppel, from January 2020 to February 2023.

During this period, Mr. Chng worked with Keppel's leadership team on the transformation and growth of Keppel O&M amidst the downturn in the offshore & marine (O&M) sector, as well as through the challenging years of the COVID-19 pandemic. In March 2023, following the divestment of Keppel O&M, and as part of the Company's succession planning, Mr. Chng was appointed Deputy CFO of Keppel and oversaw Keppel's Risk and Compliance, Tax and Treasury functions. He is also actively involved in Keppel's ongoing reorganisation, unveiled in May 2023, to become a global asset manager and operator.

As CFO, Mr. Chng will oversee Keppel's Finance, Legal, Tax, Treasury and Cyber Security functions. He will also support the CEO in Keppel's strategy formulation and business planning, participate in all major investment decisions, and contribute to investor engagement. Before joining Keppel, Mr. Chng had held senior positions at Credit Suisse Group in Singapore and Hong Kong, PricewaterhouseCoopers and Ord Minnett Group.

Mr. Chng graduated with a Bachelor's degree in Accounting and Information Systems from the University of New South Wales, Australia in 1993. He is a member of the Institute of Chartered Accountants in Australia and New Zealand.