Grab’s Co-Founder Tan Hooi Ling to Step Down by Year Endby Fintech News Singapore May 25, 2023
Southeast Asian superapp Grab announced that its co-founder Tan Hooi Ling intends to step down from her operating roles, including her directorship, by the end of 2023.
Tan, who had co-founded Grab with Group CEO Anthony Tan in 2012, has served as a member of its Board of Directors since its public listing in December 2021. She will be transitioning into an advisory role moving forward.
Grab will be reviewing potential candidates for the board later this year and make an announcement once any changes take place.
She currently leads Grab’s technology organisation, and is mentoring its tech talent including Suthen Thomas, Group Chief Technology Officer, and Philipp Kandal, Chief Product Officer.
Anthony Tan, Group CEO and Co-founder, Grab said,
“I have enormous respect and love for Ling, as both a business partner and a good 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.”
Tan Hooi Ling, Co-founder, Grab said
“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.”