In the latest financial report, telecommunications titan Singtel announced that its CEO, Yuen Kuan Moon, received a total compensation of SGD 8.2 million (approximately US$6.4 million) for the fiscal year ending March 31, 2025, marking a notable 16% increase from the previous year.
The surge in Yuen’s remuneration reflects a remarkable corporate performance, with Singtel’s net profit skyrocketing by over 400% to SGD 4.02 billion. This impressive growth owes much to a one-time windfall of SGD 1.3 billion from the partial sale of its Comcentre headquarters, as reported by *The Straits Times*.
Such stellar results are in line with the Singtel28 plan, a strategic initiative introduced by Yuen in 2024, designed to enhance operational efficiency while capitalizing on burgeoning growth trends. The plan focuses on delivering long-term value to shareholders, transforming Singtel into a leaner, more dynamic entity amidst the fast-changing telecommunications landscape.
Yuen’s sizable remuneration package comprised a salary of SGD 1.3 million, benefits totaling SGD 77,808, a cash bonus of SGD 2.2 million, along with an impressive SGD 4.6 million in share awards, as detailed by *Singapore Business Review*.
Singtel commended Yuen for spearheading one of the organization’s most strategic transformations, repositioning it for growth amid a backdrop of rapid digitalization and industry disruption. His strategic reset, initiated at the start of his leadership, has fundamentally reshaped the group’s focus toward connectivity, digital services, and infrastructure.
Yuen, who stepped into the role of group CEO in 2021 after overseeing Singtel’s Singapore consumer business since 2012, has played a pivotal role in the integration of consumer and enterprise sectors across Singapore and Australia. Under his stewardship, the company has expanded its digital services portfolio with NCS and launched Nxera, a regional data center venture poised to enhance its capabilities in a digital-first world.
How has Yuen Kuan Moon’s leadership affected Singtel’s performance?
Yuen has driven significant changes in Singtel’s operations, leading to a net profit increase of over 400% and the successful implementation of the Singtel28 plan, aimed at long-term shareholder value.
What does the compensation package for Yuen Kuan Moon reflect?
The SGD 8.2 million compensation package reflects not just an increase in salary, but also a recognition of the company’s robust financial performance and Yuen’s strategic initiatives during a transformative period for Singtel.
What key initiatives has Yuen implemented since becoming CEO?
Since his appointment, Yuen has integrated consumer and enterprise services across markets, strengthened digital offerings through NCS, and launched Nxera to expand data center operations, positioning Singtel at the forefront of a rapidly evolving telecommunications sector.
