Transport giant ComfortDelGro recently announced that Mr Cheng Siak Kian will take over as the company’s new managing director and group CEO. He will resume his duties with effect from Jan 1 next year.

He will succeed Mr Yang Ban Seng, who helmed the CEO post for the past five-and-a-half years. 

Mr Cheng, is currently working as the group CEO of ComfortDelGro subsidiary SBS Transit. He joined as ComfortDelGro's group deputy CEO in March. 

In a separate statement, SBS Transit revealed that Mr Jeffrey Sim Vee Ming would succeed Mr Cheng as its group CEO, also with effect from Jan 1, 2023. Mr Sim is currently the CEO of SBS Transit's rail business and will continue to hold this position.

Derek Koh, the current chief financial officer of ComfortDelGro, will take up the role of group deputy CEO while retaining his current position.