A Leadership Transition at Grab: Co-Founder to Shift into Advisory Role
Grab, the prominent ride-hailing platform in Southeast Asia, announced that its co-founder Tan Hooi Ling will be stepping down from her executive roles by year’s end, transitioning to an advisory role, according to a company statement.
This reshuffle will also witness her relinquishment from the company’s Board of Directors, a position she held since Grab’s public debut in December 2021.
Tan Hooi Ling, along with Anthony Tan, sowed the seeds of Grab in 2012. She ventured into various US companies before rejoining Grab in April 2015. Tan has been instrumental in leading technology and operational teams, nurturing the next generation of tech leaders at Grab.
Anthony Tan, Grab’s group CEO, expressed his admiration and friendship for Ling, acknowledging their shared vision for the company. He revealed Ling’s commitment to establish a solid leadership foundation and a strong culture for the company’s longevity.
In response, Tan Hooi Ling described her journey with Grab as one of the most rewarding experiences of her life. Being an adventurer at heart, Ling expressed her eagerness to embark on her personal passions that were set aside during her tenure with Grab. With confidence in Grab’s current leadership, she views this as the right moment to hand over the leadership baton to the next generation.
The board’s Nominating Committee will be scouting for potential candidates to bolster the board later this year, with further announcements expected in due course.
Grab’s announcement follows its recent publication of robust unaudited financial results for Q4 2022 and the full year. The company demonstrated strong revenue growth and exceeded expectations with adjusted earnings. With an unwavering focus on capturing mobility demand rebound and optimizing costs, Grab is poised to drive sustainable growth, emphasized Anthony Tan.
This article is based on a report by marketing-interactive.com.