Changes at the Helm of PST Management

CEO and Executive Director of PST Management, Mr Alvin Cheng, has left the Singapore based shipping trust to pursue his personal aspirations. In a statement to the stock exchange, PST Management said its board has initiated a search for a new CEO but in the meantime Mr Teo Choo Wee, a non-executive director of PST Management will be acting CEO with effect from December 1, 2009.

Mr Teo, who has over seven years’ experience in the shipping industry, will be seconded from Pacific International Lines (Private) Limited where he is currently the Deputy General Manager responsible for fleet management and the sale and purchase of ships. Prior to joining PIL, he was with Maya Manufacturing & Trading Co Pte Ltd managing vast ranging businesses in the S.E. Asia region and China.

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