The Board’s decision-making will be guided by the best interests of our staff, customers, shareholders and the communities we operate in.
Alice Yan
Independent
Non-Executive Chair
Mr Francis Lee
Executive Director and
Chief Executive Officer
Salim Limanto
Executive Director and
Deputy Chief Executive Officer
Hew Koon Chan
Independent
Non-Executive Director
Cheong Hock Wee
Independent
Non-Executive Director
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Ms Alice Yan was appointed to the Board on 27 December 2019 and assumed the role of Independent Non-Executive Chairperson on 1 April 2021. She brings over 30 years of experience in the financial services industry, with senior leadership roles spanning corporate, private, and consumer banking across international financial institutions.
Ms Yan began her career at Citibank Corporate Bank in Jakarta, where she spent 14 years and rose to the position of Vice President. She subsequently spent approximately 10 years at the Director level in the wealth management business, holding senior roles at Citibank Private Bank, Merrill Lynch, Standard Chartered Bank, and Julius Baer in Singapore, advising high-net-worth clients and delivering integrated financial solutions.
From 2014 to 2016, Ms Yan served as Executive Vice President at PT Bank ICBC Indonesia, where she led the Consumer Banking Group and was responsible for overall business performance, including retail banking, credit cards, and mortgage portfolios.
In 2019, Ms Yan co-founded Kode101, an education technology company focused on computer science learning for young students, where she continues to be involved in strategic direction and development.
Ms Yan is a member of the Singapore Institute of Directors.
She holds a Bachelor of Science in Business Administration from California State University, Los Angeles, USA.
Mr Francis Lee was appointed to our Board on 15 July 2019. Mr Lee is responsible for the overall management, strategic planning and development, and the expansion and growth of our Group. Mr Lee has over 30 years of experience and expertise in managing companies in the trading, shipping, investment holding and agriculture sectors.
Mr Lee started his career as an auditor in Coopers & Lybrand Singapore, now known as PricewaterhouseCoopers, from 1991 to 1995. From 1995 to 1997, he was the General Manager of Coopers & Lybrand Hla Tun Consultants in Yangon, Myanmar. From 1997 to 1998, Mr Lee joined Kuok (Singapore) Ltd. as the Assistant General Manager in Myanmar. Subsequently from 1998 to 2000, he was transferred to Pacific Carrier Ltd. a subsidiary of Kuok (Singapore) Ltd., where he acted as Group Financial Controller. From 2001 to 2003, he was appointed as Group Financial Controller of Kuok (Singapore) Ltd. From 2004 to 2019, Mr Lee was appointed the General Manager and Director of the fertiliser department at Agrifert Trading Pte. Ltd.,and Agrifert Holdings Pte. Ltd., both subsidiaries of Kuok (Singapore) Ltd. As part of his various appointments in the Kuok group of companies, Mr Lee also held various senior positions, such as Chairman of Agrifert Vietnam Ltd., a Vietnamese subsidiary of Agrifert Holdings Pte. Ltd. from 2011 to 2019, as General Manager of KSM Strategic Pte. Ltd., a subsidiary in the Kuok group of companies from 2014 to 2015, and as Managing Director in Agri Malar Company Limited (Myanmar) from 2007 to 2019.
Mr Lee previously served as an alternative non- executive director on the board of Singapore-listed Beng Kuang Marine Ltd. from 2013 to 2016.
Mr Lee graduated from Monash University, Melbourne, Australia with a Bachelor of Economics (Honours), majoring in accounting and computer science in 1992. He is a member of the CPA Australia and a member of Singapore Institute of Directors.
Mr Salim Limanto was appointed to our Board and to the role of Chief Operating Officer on 12 December 2018. He assumed the role of Deputy Chief Executive Officer on 12 December 2025, as part of the Group’s leadership renewal and long-term succession planning. Mr Limanto’s responsibilities include assisting in the formulation and execution of corporate strategy, overseeing day-to-day operations, leading key initiatives and representing the Company in engagements with stakeholders. Mr Limanto has over 13 years of management and business development experience in the coal mining, transportation and trading industries, and has been involved in our Group’s business since the inception of PT DPAL and PT DNS.
Mr Limanto started his career in PT Sinar Deli, which was previously one of the domestic coal trading entities of the Deli Coal Group, where he was Head of Sales and Shipping from June 2006 to June 2018. He is the Director of our subsidiaries, PT DPAL and PT DNS since February 2013 and October 2013, respectively.
Mr Limanto obtained a Bachelor of Economics, majoring in Accountancy, from Universitas Tarumanagara, Jakarta, Indonesia in 2006.
Mr Hew Koon Chan was appointed to our Board on 27 December 2019.
Mr Hew started his career in 1986 as a process engineer for Texas Instruments Singapore Pte. Ltd., a company specialising in the manufacturing and sale of memory integrated circuits. In 1988, he was an investment analyst and rose through the ranks to become Investment Director at Seavi Venture Services Pte. Ltd., a venture capital firm established in the South East Asian region, which is affiliated to Advent International (a global private equity firm headquartered in Boston). Thereafter, he established Integer Capital Pte. Ltd. in December 2004 and assumed the role of Managing Director, providing business consultancy services on corporate mergers and acquisitions.
Mr Hew sits on the board of directors of Oiltek International Limited. He was previously a director of several public listed companies, such as Brilliant Manufacturing Limited (now known as Nidec Component Technology Co., Ltd.), Speedy-Tech Electronics Limited, Action Asia Limited, Roxy-Pacific Holdings Limited, Nordic Group Limited, DeClout Limited (now known as DeClout Pte. Ltd.), Far East Group Limited, ecoWise Holdings Limited, Vibropower Corporation Limited, and shopper360 Limited.
Mr Hew graduated from the National University of Singapore with a Bachelor of Engineering (Mechanical) in 1986. In 1987, he graduated from the Singapore Institute of Management with a Graduate Diploma in Financial Management and obtained his Certified Diploma in Accounting and Finance from the Chartered Association of Certified Accountants (UK) in 1988.
Mr Cheong Hock Wee was appointed to our Board on 1 September 2021.
Mr Cheong has more than 37 years of experience in the shipbuilding and marine industry. He started his career in 1985 with Far-East Levingston Shipbuilding (now known as Keppel Shipyard) as an engineer, before moving on to the Republic of Singapore Navy as Naval Engineering Officer. He later joined a few other shipyard companies in Singapore and held senior positions in Pan-United Corporation Group of Companies, ST Engineering Ltd, ASL Marine Holdings Limited, Jaya Shipbuilding and Engineering Ltd, Singapore Star Shipping Pte. Ltd. and DDW-Pax Ocean Asia Pte. Ltd..
From 2012 to 2014,Mr Cheong served on the board of Beng Kuang Marine Ltd, a company listed on the Main Board of the SGX-ST.
Mr Cheong obtained his Bachelor’s degree in Naval Architecture from the University of Hamburg, Germany in 1982 and a Master of Science degree in Industrial Engineering from the National University of Singapore in 1991. He attended the Programme for Management Development at the Harvard Business School in Boston in 1993.