Grab Co-Founder Tan Hooi Ling
Southeast Asian super app giant Grab has announced that its Co-Founder Tan Hooi Ling has decided to relinquish her active role in the company, including her directorship, effective 2023-end.
Ling will transition into an advisory role in the company.
The Nominating Committee of the Board will review potential candidates to supplement the Board later this year. Grab will make a further announcement upon the changes to its Board of Directors taking effect.
“People who know me well know that I am an adventurer at heart, and there are many other personal passions that I have put aside to build Grab with Anthony. 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,” Ling said in a statement.
Ling co-founded Grab with Anthony Tan in 2012. Ling led various operations and technology teams as COO.
She currently leads Grab’s technology organisation and is mentoring the next generation of technology leaders, including the Group CTO Suthen Thomas and CPO Philipp Kandal. Ling has also been a member of Grab’s Board of Directors since its public listing in December 2021.
Grab offers ride-hailing, food delivery, and digital payment services. With over 200 million app downloads and a presence in over 400 cities across eight countries, Grab is currently valued at over US$40 billion.
The firm recently announced its financial results for Q1 2023. The Q1 2023 revenue grew 130 per cent to US$525 million from last year’s period. The loss for the quarter narrowed by 43 per cent to US$250 million.
—
Echelon Asia Summit 2023 brings together APAC’s leading startups, corporates, policymakers, industry leaders, and investors to Singapore this June 14-15. Learn more and get tickets here. Echelon also features the TOP100 stage, where startups can pitch to 5000+ delegates, among other benefits like connecting with investors, visibility through the platform, and other prizes. Join TOP100 here.
The post Co-Founder Tan Hooi Ling to step down from her active role at Grab appeared first on e27.