- With traditional mail slowly declining, Dr Baier has been widely credited for turning SingPost around by expanding into the e-commerce logistics space. Since his tenure from 2011, SingPost’s revenue has grown 59% in four years. Shareholders will also be pleased to know that SingPost’s share price has also doubled during that period.
- Although revenue has risen sharply over the last four years, net profit has only increased 16%. By examining profits more closely, you will notice that earnings per share has actually fallen – ...
The recent resignation of CEO Wolfgang Baier raised worries among shareholders about SingPost’s performance moving forward. According to an article from The Business Times, there is speculation that Dr Baier may have been poached by a global firm in a similar space. So why are many people lamenting Dr Baier’s sudden resignation?
The answer can be found from what I learned at SingPost’s AGM 2015:
