ST Engineering announced organisational changes that it said will position the group to become “a global technology, defence and engineering powerhouse”. Effective 1 January 2021, ST Engineering will be reorganised as Commercial and Defence & Public Security clusters, replacing the sector-structure of Aerospace, Electronics, Land Systems and Marine. The Commercial cluster will fuel the group’s international growth through areas in Commercial Aerospace, Urban Solutions and Satellite Communications, which will be known as Global Business Areas (or GBAs) to “reflect the group’s desire to build global champions”.
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“The Commercial Aerospace GBA will continue to drive long-term growth of the aerospace businesses in Aerostructures and Systems, MRO and Aviation Asset Management. Similarly, Urban Solutions and Satellite Communications teams will drive the Group’s smart city business growth. This cluster combines the group’s smart city technologies and capabilities, which now reside in the four sectors, into one integral unit,” ST Engineering said.
The Defence & Public Security cluster will integrate capabilities to be organised as a single cluster comprising Defence Business Areas or DBAs, namely Digital Systems and Cyber, Land Systems, Marine and Defence Aerospace. The design of this cluster is aligned to the
integrated approach for defence technology development and deployment as well as customer engagement. This cluster will focus on serving the evolving needs of its customers in defence and public security as well as critical infrastructure segments. It will also continue to pursue growth in international defence, and public safety and security businesses.
“In the last three years, we were focused on delivering results by executing our strategy of strengthening our core businesses, and pursuing growth in smart city and international defence businesses,” said Vincent Chong, president and CEO of ST Engineering. “The environment today is one where technological advancements and shifting customer demands are catalysing disruptive business models and rapidly transforming the competitive landscape. The time is now right for us to create a sharper and more agile organisation that will be highly attuned and responsive to our customers’ needs in the new world.”
As part of the change, ST Engineering has created a new leadership structure to deliver long-term sustainable growth and value creation to its shareholders and stakeholders.
The group will be led by a Group Executive Committee comprising:
- Vincent Chong, Group President & CEO
- Cedric Foo, Group Chief Financial Officer
- Lim Serh Ghee, Group Chief Operating Officer, Operations Excellence and Chief Commercial Officer
- Ravinder Singh, Group Chief Operating Officer, Technology & Innovation and President/Head of Defence & Public Security