Singapore’s Grab hires SATS CEO Alex Hungate as chief working officer

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Oct 4 (Reuters) – Singapore-based ride-hailing and funds agency Grab on Monday named Alex Hungate, the CEO of in-flight catering companies agency and airport floor handler SATS (SATS.SI), as its new chief working officer, with impact from January 2022.

Hungate is becoming a member of Grab after Southeast Asia’s largest trip hailing-to-food supply group earlier this yr agreed a report merger take care of U.S. clean test firm Altimeter Growth Corp (AGC.O) to record within the United States.

Grab mentioned in a press release that Hungate was becoming a member of the corporate because it has expanded from ride-hailing into a number of new segments within the final three years.

SATS mentioned final week that Hungate will depart the corporate in December after being the CEO for eight years. He was beforehand the CEO of HSBC Singapore, amongst different roles.

Reporting by Yamini C S in Bengaluru; Editing by Anshuman Daga and Saumyadeb Chakrabarty

A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga