Singapore – StarHub Ltd announced today that Neil Montefiore will retire as its CEO by end February 2013. Succeeding him as CEO is StarHub’s COO, Tan Tong Hai.

Montefiore, 60, joined StarHub in January 2010 as its second CEO. He also serves as a Director on StarHub’s Board.

“It has been a privilege to lead the StarHub Group for the past three years,” Montefiore shared. “I just turned 60 recently and I think it is the right time for me to retire from a full-time executive role. Moreover, I am leaving StarHub in good hands. Tong Hai and I have worked together for many years and I am confident that I will be turning the helm of StarHub over to yet another seasoned industry executive who can continue steering the group successfully.”

Under Montefiore’s leadership, StarHub posted an eighth straight year of consistent growth in 2012, with its operating revenue rising to S$2.4 billion. Delivering sterling shareholder returns consistently, StarHub’s share price was up 30% over the year, placing it among the 10 best performers on the Straits Times Index (STI) in 2012.

Tan Tong Hai will become the CEO and Executive Director of StarHub in March 2013, subject to regulatory approval. He brings with him over 20 years of experience in the regional information technology, Internet and e-commerce industries and has had broad experience at top management levels.

As StarHub’s Chief Operating Officer, Tan oversees the day-to-day operations of the company and has direct responsibility of the company’s Consumer Business Group, Enterprise Business Group, Customer Service, Network Engineering & Information Services, Wholesale & International Services as well as Government & Strategic Affairs divisions.