SINGAPORE, Keppel Corporation has appointed former DBS CEO Piyush Gupta as its deputy chairman and non-executive independent director, effective July 1.
In addition to his board role, Gupta will also join three key committees: the nominating committee, remuneration committee, and the board sustainability and safety committee.
Gupta stepped down as CEO of DBS in March after a 15-year tenure. He currently serves in multiple leadership roles, including chairman of the Singapore Management University’s board of trustees, chairman of Mandai Park Holdings, and board member of the National Research Foundation and the Ministry of Trade and Industry’s Future Economy Advisory Panel.
In a statement issued on May 29, Keppel chairman Danny Teoh praised Gupta’s leadership at DBS and expressed confidence in his ability to support Keppel’s transformation into a global asset manager with strong operational capabilities.
With Gupta’s appointment, Keppel’s board will consist of nine directors, including seven independent directors.
Gupta said: “Keppel is an iconic Singapore institution with a rich legacy. It is now at a pivotal point as it evolves into a global asset manager with strong operating strengths.”
Keppel’s shares closed at S$6.85, up S$0.06 (0.9%) on Thursday, ahead of the announcement.
