MobileOne CEO Announces Resignation

Neil Montefiore, the CEO of Singapore telco, MobileOne (M1) has announced that he is resigning from the company effective at the end of this month. The company has named Chief Financial Officer, Ms Karen Kooi Lee Wah as acting CEO until a permanent replacement can be found.

Mr Montefiore, 55, indicated that he wishes to pursue other personal interests as the reason for his sudden, and unexpected resignation.

Mr Montefiore said, "It has been my great pleasure and privilege to have been intimately involved with the inception and growth story of M1. This period has been a tremendous source of pride and satisfaction for me personally and professionally and I will treasure all the memories and experiences I take away from the more than 12 years of close association with M1."

Mr Lim Chee Onn, Chairman of M1, said, "Neil has very ably led M1 from its launch in April 1997, through its public listing in 2002 and to its current strong position in the telecommunications market. M1 is now poised and ready for future challenges and further growth as a multiple play operator. The Board and I would like to acknowledge his significant contributions to the success of M1 and wish him well in his future endeavors."

M1's Nominating Committee will be mandated to commence an internal and external search to identify the best candidate for the position of CEO. Appropriate announcements will be made in due course.

Posted to the site on 5th January 2009