SINGAPORE: The Straits Trading Company Limited announced the appointment of Eric Tengas CEO of Straits Developments Private Limited, a wholly-owned subsidiary of the Group.

His appointment will be effective from October 01, 2019. As CEO of Straits Developments, Teng will be responsible for the property business of the Group except for those owned, operated or managed by Straits Real Estate including new business development in the technology space, hospitality, property development, marketing, sales & leasing to ensure effective development and implementation of strategic plans and policies as well as daily business operations.

Teng will also be responsible for investor relations and corporate communications functions for the Group and assists Chairman Ms Chew Gek Khim to oversee the Group’s corporate functions such as portfolio management (operations), information technology, human resources and administration.

In addition, Teng will oversee the business of STC Property Management Sdn Bhd (STCPM), with its CEO Tan Hwei Yee reporting to him. STCPM is responsible for property management, development and business process for the Penang Butterworth site.

Teng is no stranger to Straits Trading and the larger Tecity Group. In 2006, he was appointed CEO of the Tan Chin Tuan Foundation and was responsible for there branding of the family office into Tecity Group, following a 20-year career in advertising and marketing.

From 2010 to 2013, he served as CEO of the Group’s property division and was concurrently CEO of the Hospitality Division from 2011 to 2013. In 2014, he was re-designated as Advisor in the Chairman’s Office where he assisted in the execution of special projects.

Since January 2016, Teng has been CEO and Executive Director at Mainboard-listed Heeton Holdings Limited (Heeton). Under his leadership, Heeton expanded its hospitality portfolio to 12 operating hotels across the United Kingdom, Japan and Thailand, as well as an ongoing development in Bhutan, while continuing to participate in select residential development projects in Singapore. He will be stepping down as CEO and Executive Director on 1 October 2019 but will remain on the Board of Directors as a Non-Executive, Non-Independent Director.

Edited by Nayyar Iqbal