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Longtime M1 CEO Karen Kooi to retire on 6 December

Signage for MobileOne Ltd. (M1) stands near an escalator in Singapore, on Monday, Feb. 29, 2016. PHOTO: Nicky Loh/Bloomberg
Signage for MobileOne Ltd. (M1) stands near an escalator in Singapore, on Monday, Feb. 29, 2016. PHOTO: Nicky Loh/Bloomberg

Karen Kooi, chief executive of telco M1, will retire next month after 23 years with the company.

The 64-year-old CEO, who has held the post for nine years, will hand over the reins to telco veteran Manjot Singh Mann, according to a media statement on Monday (5 November).

Kooi will remain on the board as a director of M1 pending developments related to Konnectivity’s pre-conditional offer for M1 shares, the statement added. She will also remain as advisor to the board till 28 February to ensure a smooth transition.

In September, KCL and SPH, through their joint venture Konnectivity Pte Ltd, made an offer to buy out the remaining shares in M1 for S$2.06 per share.

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Mann is currently the regional CEO for Nasdaq-listed cloud software firm Pareteum Corp.

He has 28 years of experience in the industry. His previous appointments include global CEO of communications and convergence at Lebara Mobile (UK) and CEO of Hutchison Telecommunications, Jakarta.

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