President Ming Maa of Singapore-based Grab Holdings is set to step down from his position at the end of April 2024, as announced by Grab on Tuesday.
The departure of Ming Maa, who joined Grab in September 2016, will see him focusing on corporate development responsibilities until his exit, according to Grab’s statement.
Maa played a crucial role in Grab’s merger with Uber’s Southeast Asia operations in 2018 and the company’s successful public listing on NASDAQ in 2021.
Grab clarified that there are no plans to fill the president role, and the responsibilities currently under Maa will be distributed among other leaders within Grab.
Ming Maa’s planned exit follows the announcement in May by co-founder Tan Hooi Ling, who stated her intention to step down from operational roles by the end of this year.
In a significant move, Grab disclosed that Ong Chin Yin, the chief people officer, will assume Tan’s position on the board starting from January 1.
Additionally, Grab is expanding its board of directors from six to seven seats and is actively seeking an additional independent director.