Is This The Start Of Singapore Post Limited’s Restructuring?

And yet another senior member of Singapore Post Limited’s (SGX: S08) management team has decided to leave.

Yesterday evening, the logistics and postal services company announced that its chief operating officer, Dr. Sascha Hower, has resigned to pursue new opportunities overseas.

Hower’s resignation is the latest in a series of departures for members of Singapore Post’s leadership that started in July 2015 when the company’s chief financial officer, Daniel Phua, announced he was leaving. Subsequently, Singapore Post’s chief executive Dr. Wolfgang Baier said he would step down on 30 June 2016.

There has also been turnover at the board level for Singapore Post in recent months. The company’s deputy chairman Goh Yeow Tin and independent director Keith Tay have resigned while former Chairman Lim Ho Kee and director Tan Yam Pin have also decided not to seek for re-election when their terms end this July.

Hower, like Baier, was previously from the consulting firm McKinsey & Company. He was involved with bringing about synergies for Singapore Post’s many acquisitions over the past few years.

Singapore Post has made some moves to plug its leadership holes. The company had recently appointed Simon Israel as its Chairman on 11 May. Israel was previously the chairman of Singapore Telecommunications Limited (SGX: Z74), which happens to be a big shareholder of Singapore Post.

But there are plenty of other important posts to fill for Singapore Post. No replacements for Baier and Hower have been announced yet, for instance.

Will Singapore Post change its objective of turning into a regional e-commerce logistics player when a new set of leaders take over? What will be the future direction of the company? Will Singapore Post’s main shareholders, Singtel and Alibaba Group, choose to take more active roles in the company? All these are questions that investors as well as employees of Singapore Post are likely interested to know.

Until Singapore Post finds its new leaders and gives a clearer picture of its road ahead, the company continues to be shrouded in uncertainty.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore writer Stanley Lim doesn’t own shares in any companies mentioned.