Overview
- Gupta will become non-executive chairman and an independent director immediately after Keppel’s AGM on Apr 17.
- Teoh will retire after more than 15 years on the board and nearly five years as chairman, leaving a board of eight with seven independent directors.
- Gupta has served as deputy chairman and a non-executive independent director since July 2025 and will remain on the nominating, remuneration, and board sustainability and safety committees.
- Keppel frames the succession as a continuation of its transformation into a global asset manager and operator after divesting its offshore and marine business.
- Alongside the announcement, Keppel reported FY2025 profit from continuing operations of S$1.02 billion, up 29% year on year on stronger segment performance and higher recurring income.