M1 replaces CEO

Singapore-based mobile operator M1 announced its CEO Karen Kooi Lee Wah will retire on December 6 after 23 years with the company. She will be replaced by Manjot Singh Mann, who will join M1 from Pareteum Asia, a unit of NASDAQ-listed cloud software platform company Pareteum Corporation.

Kooi will remain on the board amid an ongoing general offer by Keppel Corp and Singapore Press Holdings to buy a majority stake in M1 through joint venture company Konnectivity.

"Pending developments related to Konnectivity’s pre-conditional offer for M1 shares, Karen Kooi will remain on the board as a director of M1 Limited. She will also remain as advisor to the Board until Feb 28, 2019 to ensure a smooth transition," said M1 in a media release.

Ms Kooi joined M1 as CFO in August 1995. She was appointed CEO in April 2009.

Her successor Mann used to serve as global CEO at Lebara Mobile (UK), a pan-European MVNO which was acquired by a Swiss-based equity group in 2017, and head of Hutchison 3 Indonesia.