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M1 CEO Karen Kooi Lee Wah is set to retire next month after 23 years with the Singapore telco, and whilst buyout discussions involving its shareholders still hang in the balance.
Kooi, 64, is scheduled to officially retire on 6 December 2018 and hand over the reins to Pareteum Asia CEO Manjot Singh Mann, said M1 in a statement Monday. The telco, however, noted that “pending developments related to Konnectivity’s pre-conditional offer for M1 shares”, she would remain as a board director and an advisor to the board until February 28 next year, “to ensure a smooth transition”.