Ng Yat Chung

Ng Yat Chung is a Singaporean business executive and former military officer who has been CEO of Singapore Press Holdings since 2017. He was formerly Chief of Defence Force of the Singapore Armed Forces (SAF), serving from 2003 to 2007. Following his retirement from the SAF, Ng took up various senior positions in Temasek Holdings. In 2011, he was appointed Group President and Chief Executive of Neptune Orient Lines (NOL) and served in this position until its sale to CMA CGM in 2016. 
Education.
Ng received his secondary and pre-university education in Victoria School and Hwa Chong Junior College respectively. He received the Singapore Armed Forces Overseas Scholarship for his undergraduate studies in 1980, and graduated in 1983 with a Bachelor of Arts (Honours) in engineering from Christ's College, Cambridge. In 1987, he obtained a Master of Arts in mathematics, also from Christ's College. He also holds a Master of Business Administration from Stanford University. He attended the six-week Advanced Management Program at Harvard Business School, and graduated with a Master of Military Art and Science from the United States Army Command and General Staff College.
Career.
Singapore Armed Forces (1979–2007).
Ng enlisted in the Singapore Armed Forces (SAF) in 1979 and was commissioned as an artillery officer in December that year. Throughout his military career, he held various appointments, including the following: Commanding Officer, 21st Battalion Singapore Artillery; Assistant Chief of the General Staff (Plans); Commander, 3rd Singapore Infantry Brigade; Head, Joint Operations Department; Commander, 3rd Division; Director, Joint Operations and Planning Directorate; Chief of Staff (Joint Staff); Chief of Army. He relinquished his appointment as the Chief of Army on 1 April 2003 and succeeded Lim Chuan Poh as the Chief of Defence Force (CDF).
As the CDF, Ng laid the blueprint for the 3rd Generation SAF by overseeing the development of new operational concepts to further integrate the Army, Navy and Air Force. He also commanded the SAF's humanitarian assistance and disaster relief response in Aceh and Phuket after the 2004 Indian Ocean earthquake and tsunami, as well as similar missions to Yogyakarta and Phitsanulok in 2006. He retired from the SAF on 23 March 2007 and was succeeded by Desmond Kuek as the CDF.
Temasek Holdings (2007–2011).
After leaving the military, Ng joined Temasek Holdings and was rotated in the company: Head of Energy & Resources; Co-Head of Australia & New Zealand & Co-Head of Strategy; Senior managing director.
Neptune Orient Lines (2011–2017).
Ng joined the board of Neptune Orient Lines (NOL) as an Executive Director in May 2011 and was appointed Group President and Chief Executive Officer in October.
On 9 June 2016, it was announced that Temasek would tender its NOL shares to CMA. Ng cited NOL's lack of scale as the primary reason for its sale. He subsequently received criticism for his failure to improve the company's performance over his years as CEO. On 19 May 2017, Reuters reported that CMA managed to turn Neptune Orient Lines around, with NOL posting a $26 million net profit for Q1 2017. According to NOL's 2013 financial report, Mr Ng's annual compensation was at least US$2.7 million. After the sale, Ng stayed on as Special Advisor from June 2016 to May 2017. 
Singapore Press Holdings (2017 – present).
On 20 July 2016, Ng was appointed as an independent director of SPH. On 1 September 2017, Ng was appointed CEO of SPH following his predecessor, Alan Chan's, retirement. On 12 October 2017, Ng announced a retrenchment exercise. Under his leadership, SPH's revenue had fallen from S$1,032 million in 2017 to S$865 million in 2020. In 2020, due to the confluence of factors such as the COVID-19 pandemic and the decline of print advertising, SPH recorded its first-ever loss of S$11.4 million.
At a press conference held on 6 May 2021, Ng and other SPH leaders announced that the company's media businesses, including major Singaporean broadsheets like "The Straits Times" and "Lianhe Zaobao", would be spun off into a separate company limited by guarantee, operating as a not-for-profit entity. This move would remove shareholders' pressure on the media unit to perform and be profitable. Ng took offence when a "CNA Digital" reporter asked whether restructuring SPH's media businesses meant that the company would pivot to prioritising editorial integrity over advertising interests. Ng's use of the word "umbrage" gained significant attention, with the word becoming the top searched term on Google in Singapore that day, spawning memes, parody advertisements, and merchandise. Ng subsequently apologised for his comment.
Other positions.
Ng is chairman of the board of trustees for the Singapore Institute of Technology and a former trustee of the National University of Singapore. He was also formerly a member of the board of SP Group.
References.
 