Metro Holdings Appoints Erwin Wuysang Oei Ceo Metro Limited Oversee Retail Division
, declares 2 cents final dividend
Metro Holdings has announced the appointment of Erwin Wuysang-Oei as the new chief executive officer of Metro (Private) Limited, effective October 1. This is part of the company’s senior management succession plan.
In his new role, Wuysang-Oei will be responsible for overseeing the strategic direction and overall management of Metro’s retail division. He brings with him a wealth of experience, having previously served as the company’s chief operating officer since November 2023.
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According to a press release, Wuysang-Oei played a key role in driving Metro’s omnichannel transformation, which aimed to improve the group’s market competitiveness, operational efficiency, and customer engagement.
In a statement, Yip Hoong Mun, group CEO of Metro Holdings, expressed confidence in Wuysang-Oei’s abilities and highlighted his track record of success. He also emphasized the importance of the retail division to the company’s overall business, stating that they remain committed to enhancing and innovating in this sector.
The company’s shares closed flat at 52 cents on September 30. Metro Holdings is a leading property development and investment group in Singapore, with a strong presence in the retail sector. Its recent acquisition of VisionCrest Commercial, a joint venture with TE Capital and LaSalle Investment, further strengthens its position in the market.
Despite the challenging retail landscape, Metro Holdings’ commitment to resilience and innovation is evident through its continued success. This was reflected in its 6.1% increase in FY2023 earnings, amounting to $25.2 million. The company also declared a final dividend of 2 cents per share.