Singapore’s first-privatized National Stadium, Sports Hall Pte Ltd, is seeing its management team collapsed as two more senior executives join the exodus. In the past 6 months, seven executives have already left the management team with one of them having only joined 2 months before.
The list of executives who left Sports Hall Pte Ltd is as follow:
Legal director, Maud Brotons
Legal director, Tan Ai Sim
Equity partner CEO, Mark Collins
Equity partner CEO, Daphne Letourmel
Strategic marketing director, Poh Yu Khing
Senior director of corporate communications and stakeholder management, Jose Raymond
Managing director of facilities management, Eric Tan
The privatized National Stadium is unable to overcome a list of existing problems like sub-standard grass pitches and overcharging. Even when the Singapore government asked for access to use the stadium for the country’s National Day, the private company charged S$10 million from the Singapore government despite having already receiving an undisclosed monthly unitary sum.
The Minister of National Development Lawrence Wong has been silenced on the Sports Hub development ever since the national stadium was privatized. This is the first time the National Stadium is privatized, under Lee Hsien Loong’s direction to privatize national resources including part of police enforcement and public utilities.