Michael Fam and Tang I-Fang to leave SPH board - Nov 18, 2004 (ST)
The Straits Times / The Business Times News On SPH
Michael Fam and Tang I-Fang to leave SPH board
By Nicholas Fang
Nov 18, 2004
The Straits Times
TWO founding members of the Singapore Press Holdings (SPH) board of directors, Mr Michael Fam and Mr Tang I-Fang, will step down from the board next month after serving the media group for nearly 50 years between them.
The SPH board announced in a statement yesterday that Mr Fam, 77, and Mr Tang, 80, had both indicated their desire not to seek re-election at the company's annual general meeting, to be held on Dec 6.
Both men are distinguished businessmen and have been with the board since SPH was established in August 1984.
Mr Fam was previously also a director of The Straits Times group in 1974.
SPH chairman Lim Chin Beng said in the statement yesterday: 'It is with much regret that the SPH directors accept their decision to step down.
'On behalf of the board, I would like to express our deepest appreciation and profound thanks to Dr Fam and Mr Tang for their long and distinguished service to the board. Their unswerving support, invaluable contributions and counsel to the board have served SPH well.'
Mr Fam said: 'I was appointed a director of The Straits Times group in 1974, so I can say that I have had the privilege of serving the SPH group for 30 years. This has been a most satisfying experience for me.
'I am retiring from the board with every confidence that SPH remains in capable hands and I wish it every success in the future.'
Mr Tang said: 'Media business is driven by creativity. I have been fortunate to be on the SPH board for 20 exciting years to see this creative company grow from strength to strength.'
SPH said that, as part of its continuing renewal process, it had appointed Professor Cham Tao Soon as deputy chairman and Mr Willie Cheng as a director in March.