ST Aug 12, 2005
Andrew Kuan was asked to resign or face sack from JTC
By Lynn Lee
JTC Corporation yesterday revealed that presidential hopeful Andrew Kuan was asked to leave the statutory board as the board and management were not happy with his performance.
In fact, the former group chief financial officer had to be told three times to resign, before he finally did so on July 2 last year.
Mr Kuan had been hired after going through JTC's selection process. Nothing in his resume or references appeared troubling and he was appointed as group CFO in June 2001.
When he was assessed the following April, both Mr Chong and Mr Lim found his performance unsatisfactory. They considered asking him to leave but gave him a chance to improve.
But they were still not satisfied by his next appraisal in July 2003. So in September 2003, Mr Chong and the other three board members all agreed that Mr Kuan should be asked to resign.
Separately, water treatment firm Hyflux issued a statement on Mr Kuan's three-month stint as CFO for its joint venture project with Dubai-based Istithmar. It expressed disappointment with him and said he was asked to resign or have his employment terminated. He left on May 13 this year.
12 August 2005
Oh Well ....
Seems like Andrew Kuan turns out to be a dud, after all. I guess PM Lee knew what he was talking about.
Posted by Gilbert Koh aka Mr Wang at Friday, August 12, 2005