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[Update: 29 July 2019, 5:30pm]

It looks like the rumours were true after all — Honestbee announced in a statement today that Ong Lay Ann is indeed the company’s new CEO. The appointment was effective as of 15 July 2019.

The statement also confirmed that co-founder and Chief Technical Officer Jonathan Low resigned from the company on 11 July 2019.

Honestbee has seen a couple of leadership changes recently amidst headlines surrounding a series of “temporary pauses” in operations and partnerships, as well as alleged cash crush.

Most recently, honestbee confirmed that there have been delays in staff salary.

Its vice president of marketing Christina Lim has also left the firm recently.

Prior to her departure, many other key executives including co-founders Isaac Tay and Joel Sng, as well as managing director Chris Urban, have also left honestbee.

An anonymous source told Vulcan Post that a townhall session was held at honestbee today, announcing a leadership change.

According to the source, Brian Koo who assumed the CEO role in May, will be stepping down from his role.

honestbee ong lay ann
Image Credit: Ong Lay Ann’s Facebook

The source added that Ong Lay Ann will be taking over the CEO role in his stead.

An online search revealed that Ong is an experienced entrepreneur and executive, having held senior executive positions with both public and private companies in Southeast Asia and Australia.

He has held Chairman, CEO and director positions within the West Star Group and is also director of ISDN investments, a wholly-owned subsidiary of ISDN Holdings Limited.

Besides this reported CEO change, co-founder Jonathan Low is also allegedly leaving the company.

We have reached out to honestbee regarding the news, and they have confirmed that a townhall session took place earlier today but did not comment further on the leadership change.

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Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)