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SBA 2014 Ceotan Pheng Hock (ST Engineering) Final

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SBA 2014 Ceotan Pheng Hock (ST Engineering) Final NOMINEE FOR OUTSTANDING CHIEF EXECUTIVE OFFICER AWARD Tan Pheng Hock, 56 President & CEO Singapore Technologies Engineering Ltd Personal background Mr Tan Pheng Hock, 56, was appointed President and CEO of Singapore Technologies Engineering Ltd (ST Engineering) in February 2002. He has spent more than 30 years at ST Engineering, his first and only job. He began his career with the group as an engineer in Singapore Technologies Marine Ltd in 1981. His time there has given him extensive knowledge on the structure of the group. In 1997, Mr Tan was named President, Corporate Affairs, ST Engineering to assist in the integration of the various sectors of ST Engineering during its formation that year. Mr Tan has also held the positions of ST Engineering’s Chief Operating Officer from February 2000 to July 2000, President and COO from July 2000 to June 2001, and Group President from June 2001 to February 2002. Before these various positions in the corporate office, he was President of Singapore Technologies Kinetics Ltd (formerly known as Singapore Technologies Automotive Ltd) since September 1998. As President and CEO, Mr Tan integrates and capitalises on the Group’s capabilities, steering the Group towards its vision of becoming a global defence and engineering company. Outside of ST Engineering group, Mr Tan is: Chairman, Singapore Workforce Development Agency Chairman, Lifelong Learning Endowment Fund Advisory Council of Nanyang Polytechnic Director, International Institute for Strategic Studies (Asia) Ltd Director, Singapore Economic Development Board Member, Consultative Committee for the Department of Mechanical Engineering, National University of Singapore Member, Industry Advisory Panel for the School of Mechanical & Aerospace Engineering, Nanyang Technological University. A Colombo Plan scholar, Mr Tan graduated from the University of Surrey with first class Honours 1 in Marine Engineering. He also holds a Master of Science (Management) from Stanford University, USA. He was awarded the Best CEO Award (large caps over $1 billion) by Singapore Corporate Awards 2012. Mr Tan was named the Asia Business Leader of the Year by CNBC at its 12th Asia Business Leaders Awards (ABLA). In all, 62 Asian leaders of Asian corporations were nominated for the ABLA awards. Mr Tan is the first Singaporean to have won the Asia Business Leader of the Year award since ABLA's launch in 2001. Mr Tan was also one of the four Singaporeans to receive the esteemed Honorary Fellowship award from the ASEAN Federation of Engineering Organisations (AFEO). AFEO Honorary Fellowship is awarded to distinguished persons of acknowledged eminence and who have rendered outstanding services to the engineering profession, the institution or the nation. Company background Singapore Technologies Engineering (ST Engineering) is an integrated engineering group specialising in innovative solutions and services in the aerospace, electronics, land systems and marine sectors. It is one of the largest companies listed on the Singapore Exchange by market capitalisation and is also one of Asia’s largest defence and engineering groups. It is a component stock of the FTSE Straits Times Index, FTSE ASEAN 40 Index, MSCI Singapore and other indices. The company was conferred the Singapore Quality Award, the highest honour given to organisations in Singapore for business excellence. Mr Tan believes that passion, persistence and perseverance helped the company achieve its business excellence. In the past 40 years, ST Engineering has evolved from a local company to today’s integrated and globalised company with a global workforce of more than 23,000. It serves both commercial and defence customers in over 100 countries, through a global network of over 100 subsidiaries, joint ventures and associated companies in 24 countries and 46 cities spanning the United States, South America, Europe, Asia and Australasia. Building on its defence heritage, it is the principal supplier to the Singapore Armed Forces. The group is now one of Singapore’s most successful multinational companies and is a shareholder of Experia Events, the company behind the organising and running of the Singapore Airshow – Asia’s biggest aerospace and defence exhibition. Business Sectors See Corporate Profile attached.. TAN PHENG HOCK'S VISION: Mr Tan's vision is to nurture ST Engineering into a global defence and engineering company. To realise his vision, he mapped clear, strategic directions for achieving long-term sustainability and growth of ST Engineering, through restructuring, transformation, and globalisation. 2 He restructured ST Engineering to ride on new technology, innovation and new capabilities for growth, transforming it into a capability-driven enterprise that enabled ST Engineering to become a market leader. Setting his sights on globalisation as a key strategy for sustainable growth, Mr. Tan led the company to penetrate new markets and forge alliances and partnerships that helped the company leverage on competitive strengths and capabilities. Additionally, Mr Tan Pheng Hock believes that whether he is dealing with a customer, colleague or competitor, the idea is that the person you are dealing with “is your partner”. Due to his work and philosophy, Mr. Tan takes pride in informing critics and peers alike that teachers in Kazakhstan are helping students catch up with their First World peers by using ST Engineering multimedia labs; or that the 2008 Sichuan earthquake victims were able to use the group’s satellite phones to call for help. He is also big on listening – to customers, colleagues and competitors – because he believes he can learn from anyone. However, he draws the line at moaners because to him, life is brimming with opportunities to sell if one would only think harder about how to meet customers’ needs more creatively so they will still enlist the group’s services in bad times. In that spirit, he drums into his colleagues the need to make the most of every chance and chore that comes their way. His pursuit for outstanding practices was recognised by the Asia Pacific Quality Organisation as a World Class Winner of the Global Performance Excellence Award under the Large Manufacturing Organisation category. This international quality award was given out to only two Singapore companies. Looking ahead, Mr Tan feels that ST Engineering’s future lies in buying up companies that add value to the group and in staying agile so it can deliver small as well as large orders. Business Highlights 2013 Aerospace ST Aerospace is the largest maintenance, repair and overhaul (MRO) service provider in the world. In 2013, the Aerospace sector announced contract value of over $2.3b, covering the aerospace sector’s broad range of capabilities, from airframe, component and brings the total announced AERIA, our VIP interior completion business based in the US made good progress in 2013, when it added a green aircraft completion contract for a European-based VIP Boeing Business Jet to its increasingly impressive track record. Significant developments include - becoming an approved a Boeing Business Jet, and Airbus Corporate Jet service centre at the end of 2013. 3 It signed two long-term component licensing agreements with UTC Aerospace Systems. This will allow ST Aerospace to leverage UTC Aerospace Systems’ expertise to support the Boeing 787 operators. New hangar at Seletar dedicated to General Aviation (GA) MRO work. Expanded Seletar facility can handle up to 24 GA aircraft and 11 narrow-body aircraft at any one time. New narrow-body hangar at Changi also operational became operational in 3Q2013, receiving line and base maintenance work. We made a major extension of our leading position in the Aerospace sector through an important strategic alliance with Airbus, EADS Deutschland GmbH and Elbe Flugzeugwerke GmbH (EFW) on the A330 Passenger-to-Freighter conversion programme. This partnership is important to us in three ways – it forges a new relationship with Airbus and EADS, gives us a new freighter conversion capability, and fills a geographical gap in our global airframe MRO footprint. We have since launched the A330-300P2F variant, to complement Airbus’ existing freighter product line. Entry into service for the first A330-300P2F is targeted for late 2017/early 2018. We plan to obtain both EASA and FAA Supplementary Type Certificates for the P2F solution. ST Aerospace received the following international awards in the second quarter: Top Airframe MRO company with a total of 11.5m manhours in 2012 (The Top Airframe MRO biennial survey results published in Aviation Week & Space Technology’s 24 June 2013 edition) ATE&M Best AsiaAirframe MRO Provider of the Year LIMA 2013 ASEAN Airframe MRO Service Provider of the Year. The award is part of the inaugural ASEAN Commercial Aviation (ACA) Awards, organised in conjunction with the Langkawi International Maritime and Aerospace Exhibition (LIMA) held in March 2013. Electronics In 2013, the Electronics sector continued to win various contracts in rail electronics, satellite communications, cyber security and advanced electronics, announcing close to $1.4b of new orders,. The sector set up subsidiaries in Thailand, as well as in Wuxi and Tianjin in China, to tap growing demand for advanced electronics and infocomm technology solutions in the region. ST Electronics remains the only company to offer a comprehensive suite of rail electronics solutions, and this competitive edge has enabled it to gain new market entry and increase market presence in existing cities where its solutions are already in use. In 2013, it gained entries into new markets: In Toronto, Canada, ST Electronics’ platform screen doors are being used by Merolinx Air Rail Link Spur Line. Its Smartrip Ticket Dispensers was implemented in the US by the Washington Metro. San Francisco’s Bay Area Rapid Transit is in the midst of implementing the digital trainborne passenger 4 information system, for activation in 2020. In Asia, we continue to deepen market presence with new contracts in cities of China, Malaysia, Taiwan and Thailand. ST Electronics set up and launched its DigiSAFE Cyber Security Centre.
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