Network for Electronic Transfers (NETS) has announced that Jeffrey Goh, Group Chief Executive Officer, will be resigning from his role and all other appointments within the group effective from Nov. 22, 2019. 

Goh would be moving on to pursue opportunities outside of the company and the group. 

NETS’ Board of Directors has appointed Ricky Lim, the current Managing Director of NETS subsidiary, NETS Solutions Pte Ltd, as the Interim Group Chief Executive Officer. The search for the new CEO is underway both internally and externally. 

“It has been a tremendous privilege to serve as CEO of NETS, and I want to thank the entire NETS team for the support they have given me,” said Goh. “I am incredibly proud of the industry leadership we have created and what we have achieved together with our partners. I am equally confident about NETS’ direction in its next chapter of transformation and growth.”

Goh had been the CEO for about eight years.

Ching Wei Hong, Chairman of the Nets board, said the firm is looking to “turn bold ideas into meaningful innovation in the payment space” and is looking forward to Lim holding down the fort during the transition phase. 

Image source: Fintech Singapore