Grab Holdings Limited announced updates to its Board of Directors, including the appointment of Steven Tishman as an independent director. Mr. Tishman brings over 40 years of experience in investment banking and capital markets, including leadership roles at Houlihan Lokey's M&A Group, Rothschild Inc., and Bear, Stearns & Co. Inc.
In addition to Mr. Tishman, Peter Oey, Grab's Chief Financial Officer, and Cheryl Goh, Chief Marketing Officer, were appointed as non-independent directors. These appointments expand Grab's Board from seven to eight members, now comprising five independent and three non-independent directors.
The changes also included the stepping down of Ong Chin Yin and the resignation of David Loh from the Board. These updates aim to strengthen the company's governance and strategic oversight, particularly in navigating complex global challenges and pursuing sustainable growth initiatives.
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