How To Develop Your Skill For Great Success And Happiness Including Become CPA? | Additional special tips From Admin
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Ezra Holdings: Succeeding in Succession
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Publication Date:
May 18, 2015
Industry:
Energy & Natural Resources
Source:
Singapore Management University
It was 30 December 2012, and Lee Kian Soon, the founder of Ezra Holdings Limited (Ezra), a Singapore-headquartered offshore oil and gas services company, was stepping down after 20 years as Executive Chairman of the company. Having been at the helm of the company for two decades, Lee had been instrumental in leading the business development, strategic planning and overall vision of the company. In 1992, Ezra had started off as a subcontractor in shipyards, and by 2012, had grown to become a US$984.2 million group in revenue, with activities encompassing marine and offshore support services and subsea construction. Although Ezra was a family-owned business, Lee was convinced that to enter the global stage and achieve its goals of internationalisation beyond the Asia-Pacific, the company would need someone with an experienced background who could provide the required leadership. On 31 December 2012, Ezra appointed an external candidate, Koh Poh Tiong, as the Chairman of its Board. Lee’s son, Lionel, who had been with the company for ten years, remained as Ezra’s Managing Director. Lee wondered if he was making the right move in appointing an external successor to the role of Chairman, and what were the implications of choosing an external successor for the company.
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Ezra Holdings: Succeeding in Succession
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A note for you if you pursue CPA licence, KEEP PRACTICE with the MANY WONDER HELPS I showed you. Make sure to check your works after solving simulations. If a Cashflow statement or your consolidation statement is balanced, you know you pass right after sitting for the exams. I hope my information are great and helpful. Implement them. They worked for me. Hey.... turn gray hair to black also guys. Do not forget HEALTH?
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