Starhub appoints Tan Tong Hai as COO

Starhub has appointed Tan Tong Hai as its COO.

Tan, was previously president and CEO of Singapore Computer Systems from 2005 till recently. Before that, he was president and CEO of Pacific Internet. He has over 20 years of experience in the regional IT, Internet and e-commerce industries.

The COO position had been vacant for over two years since StarHub's previous COO, Yong Lum Sung, quit in 2006.

Tan’s appointment comes just after M1’s CEO Neil Montefiore quit. The 55-year-old leaves M1 after 12 years. M1 is currently looking for a new CEO.

Analysts surveyed by Reuters have on average an OUTPERFORM call on Starhub with a price target of S$2.50 compared to its last traded price of S$1.92.