Seatrium Limited announced that Mr Adrian Teng, Chief Financial Officer, has tendered his resignation to pursue his personal interests. His last day with the Group will be on 28 April 2025.
Dr Stephen Lu, the Group’s Executive Vice President (EVP) for Strategy, will be appointed CFO with effect from 29 April 2025. He will continue to concurrently serve as EVP for Strategy.
Dr Stephen Lu, who holds a Doctor of Philosophy from the University of Cambridge, brings more than 15 years of experience in strategy, mergers and acquisitions, and corporate finance with a focus on energy and infrastructure industries. Prior to joining Seatrium, Dr Lu was Director of the Portfolio Development Group at Temasek, where he worked closely with its portfolio companies to execute strategic transformation, corporate restructuring and operational improvements. Before Temasek, Dr Lu was a management consultant at the Boston Consulting Group.
Mr Chris Ong, Chief Executive Officer of Seatrium said, “I would like to thank Adrian for his invaluable contributions during his time with us. On behalf of the Group, I formally welcome Stephen to his new role. Stephen’s deep business and financial expertise will greatly support Seatrium’s next phase of growth and transformation.”