Vincent Phang: The Man Who Was Fired

Vincent Phang, the former CEO of SingPost, was fired on Tuesday. The company said that Phang was fired for "gross misconduct" and "breach of fiduciary duties."
Phang was appointed as CEO of SingPost in September 2021. He had previously been the CEO of the postal services segment and Singapore.
Phang's firing comes after a tumultuous few months for SingPost. In May, the company reported a net loss of S$144 million for the financial year ended March 31, 2023. This was the company's first net loss in over a decade.
In addition, SingPost has been facing a number of challenges in recent years, including declining mail volumes and competition from private courier companies.
Phang's firing is likely to add to the uncertainty surrounding SingPost's future. The company is facing a number of challenges, and it is unclear who will be able to lead it out of its current困境.