Telco giant Singtel’s CEO, Yuen Kuan Moon, earned remuneration of SGD8.2 million (US$6.4 million) for the financial year ending March 31, 2025, up 16% from the year before.
The company attributed this increase to its robust performance, with net profit soaring over 400% to SGD4.02 billion, driven partly by a SGD1.3 billion one-time gain from the partial sale of its Comcentre headquarters, according to The Straits Times.
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Singtel CEO Yuen Kuan Moon seen in a photo taken March 2021. Photo by SPH Media via AFP |
This performance aligns with the Singtel28 plan, launched under Yuen in 2024, aimed at enhancing business performance and leveraging growth trends to deliver long-term shareholder value.
Yuen’s remuneration included a SGD1.3 million salary, SGD77,808 in benefits, a SGD2.2 million cash bonus, along with SGD4.6 million in share award, according to Singapore Business Review.
The company praised Yuan for being “instrumental in leading one of Singtel’s most ambitious transformations to reposition the group for growth amid accelerated digitalization and disruption in the telecommunications industry.”
The strategic reset he introduced at the start of his tenure has altered the fundamental make-up of the group – redefining it along the lines of connectivity, digital services and digital infrastructure, it added.
Appointed group CEO in 2021 after leading Singtel’s Singapore consumer business since 2012, Yuen oversaw the integration of consumer and enterprise businesses in Singapore and Australia, expanded digital services under NCS, and established Nxera, a new regional data center business.
