Grab Holdings Limited (NASDAQ: GRAB) recently announced that Tan Hooi Ling has informed its board of directors of her intention to step down from her operating roles at Grab, including her directorship, “by the end of 2023.”
Tan will be transitioning into “an advisory role with Grab moving forward.”
Tan co-founded Grab with Anthony Tan, Group CEO, in 2012, and “worked at other companies in the US before rejoining Grab in April 2015.”
She has “led various operations and technology teams as COO until the appointment of Alex Hungate in January 2022.”
She currently “leads Grab’s technology organization, and is mentoring the next-generation of technology leaders, including Suthen Thomas, Grab’s Group Chief Technology Officer, and Philipp Kandal, Chief Product Officer.”
Tan has also “served as a member of Grab’s Board of Directors since its public listing in December 2021.”
Tan said he has enormous respect for Link as both a business partner and a friend:
“We set the vision to build a double, now triple, bottom line company together, and I am so blessed to have found a true partner who cares deeply about the impact we create for Grabbers, our partners and our region. Ling has invested herself fully into setting up the right leadership bench and cultural foundations for Grab to thrive for the long-term, and while I will miss working with her dearly, I thank her for the many years of trust and partnership, and wholeheartedly support her decision to pursue her personal passions.”
Hooi Ling said that Grab has been one of the most fulfilling experiences in his life and he is humbled to have worked with Tan an many others on something that improves the lives of so many people in Southeast Asia.
“People who know me well know that I am an adventurer at heart, and there are many other personal passions that I have put aside to build Grab with Anthony. With the strong leadership bench we currently have, I believe now is the right time for me to pass on the baton to our next generation of leaders, and to pursue these other passions. I look forward to seeing how Suthen, our first engineering leader who understands the nuts and bolts of Grab and the region, and Philipp, an entrepreneurial and customer-centric product leader, take our technology teams to greater heights,”
The Nominating Committee of the Board will be “reviewing potential candidates to supplement the Board later this year.” Grab will make “a further announcement upon the changes to its Board of Directors taking effect.”