The board of Singapore - based container shipping company h International Lines has appointed Teo y Seng to succeed his father y Yun Chung as executive chairman and managing director . Founding chairman Chang Yun Chung will step down after 51 years at the head of the family - owned company , but will take on the role of chairman emeritus , and occasionally advise on " strategic " sectors .
The board of Singapore-based container shipping company Pacific International Lines has appointed Teo Siong Seng to succeed his father Chang Yun Chung as executive chairman and managing director. Founding chairman Chang Yun Chung will step down after 51 years at the head of the family-run company, but will take on the role of chairman emeritus, and occasionally advise on "strategic" sectors.