Lee will concurrently step down as a director on the CAG Board and as chairman of the boards of Changi Airports International (CAI) and Jewel Changi Airport Devt.
The CAG Board has appointed Yam Kum Weng to succeed Lee as CEO of CAG. Yam will also be appointed a director of the CAG Board and chairman of the CAI Board, effective July 1, 2024. He is currently CAG’s executive vice president, airport development, leading the Changi East project including Terminal 5 (T5).
Tan Gee Paw, chairman of CAG, said, “The Board Directors and I thank Lee Seow Hiang for his immense contributions to CAG and Changi Airport. In the last decade and a half, Seow Hiang’s vision transformed Changi into the airport it is today – a strong air hub with an extensive network of city links, providing an extraordinary experience and supporting Singapore’s economy.
“In considering a replacement for Seow Hiang, the Board carefully reviewed its options, recognising that Changi Airport is a critical infrastructure, and leadership continuity is vital to take forward CAG’s plans. A key undertaking for CAG is the mega-development of Changi East and T5 which is entering a critical phase in the coming years. At the same time, CAG faces the challenge of ensuring smooth airport operations as passenger traffic at Changi Airport continues to recover post-Covid.”
Tan continued: “The Board is confident that Kum Weng, as a senior executive with many years of experience leading Singapore’s air hub development and airport management in both the Civil Aviation Authority of Singapore and CAG, is best suited to anchor the twin challenges of running an operationally-intensive airport while ensuring the success of the Changi East/ T5 programme.
“He has a deep appreciation of the interests of the Singapore air hub and Changi Airport’s strategic role, and strong operational experience to ensure Changi Airport continues to run smoothly. With his strong ties with aviation partners, Kum Weng is well-placed to work synergistically with them to grow Changi Airport as a key air hub and a leading international airport.”
