Peter Voser to take over as chairman of PSA as Fock Siew Wah retires

PSA International group chairman Fock Siew Wah is set to step down on Monday, with deputy chairman Peter Voser (pictured above) named as his successor.

The company said Mr Fock (pictured below) will take on a role as special advisor to PSA until his retirement on 31 July.

He has been chairman since August 2005, helping to create a port network that now spans over 50 “coastal, inland and rail terminals in 17 countries”, while global throughput during the same period doubled, to over 80m teu a year.

Mr Fock said: “For the past 13 years, it has been my honour to serve as PSA’s group chairman and to have been a part of the organisation’s transformation, an ongoing journey.

“It has been a fulfilling experience and now the time has come for renewal, as I retire from the board this year,” he said.

Mr Voser is a former chief executive of Royal Dutch Shell and has held various leadership roles across Switzerland, the UK, the Netherlands, Argentina and Chile. He has also previously served on the boards of Aegon and UBS.

He said: “I am honoured to take on the chairmanship of PSA at this exciting stage of its development. Siew Wah has been a beacon of inspiration, wisdom and leadership.

“I intend to continue steering the group towards a sustainable growth trajectory built on integrity, trust and collaboration with our internal and external stakeholders. PSA is already a brand name in the ports and shipping circles, and it is my hope that PSA will achieve a strong standing in the sphere of supply chain orchestration as well,” he added.

Tan Chong Meng, PSA group chief executive, said, “On behalf of management, unions and staff, I would like to express our deepest thanks and appreciation to chairman Fock for his vast contributions to PSA.

“I would also like to warmly welcome Peter in his new role. PSA is privileged to have Peter at the helm of our board, and we look forward to benefiting from his able stewardship and sharp acumen.”