Eneco: The New Playbook at a S'pore Logistics Firm Under a Second-Generation Leader
In a number of SGX-listed companies, second-gen leaders are being groomed or are running the show.
At Wee Hur Holdings, the son of the executive chairman has been taking charge of a number of business streams.
At Eneco Energy (previously known as Ramba Energy), a similar story is playing out.
After Union Steel Holdings acquired a 29.4% stake via married trades in Nov 2024, the chairman's son, Ang Jun Long, 33, was brought in as an executive director.
(Union Steel's chairman, Ang Yu Seng, has taken over the chairman's seat at Eneco also).
"If I want to make a positive change with meaningful contributions, I have to understand the employees at a more personal level, and be willing to reward them for their efforts and dedication when the targets are met. That’s the kind of leader I want to be as I take Eneco forward.”