Metro Holdings Appoints Erwin Wuysang Oei Ceo Metro Limited Oversee Retail Division
SINGAPORE (Oct 1): Metro Holdings has appointed Erwin Wuysang-Oei to be its chief executive officer of Metro (Private) Limited from Oct 1 as part of its senior management succession plan.
In his new role, Wuysang-Oei will lead the strategic direction and overall management of Metro’s retail division, according to the company’s press release. He previously served as the chief operating officer of the company, a position he took on in November 2023.
A new map showcasing the Tampines Avenue 11 mixed-use plot reveals its prime location near two executive condominium sites: one at Tampines Street 62, currently open for tender, and the recently launched Tenet with 618 units. Additionally, the highly anticipated Parktown Residence Condo Parktown Residence Condo is set to join the thriving community.
According to Metro, Wuysang-Oei played a key role in driving the company’s omnichannel transformation, which aimed to improve its market competitiveness, operational efficiency, and customer engagement.
“Retail has always been a vital business segment for Metro, and we are committed to continuously enhancing and innovating our offerings in an ever-changing retail landscape. Erwin’s extensive experience and proven track record will be instrumental in strengthening our retail division,” says Yip Hoong Mun, the group CEO of Metro Holdings.
Shares of Metro Holdings remained unchanged at 52 cents on Sept 30.
The acquisition of VisionCrest Commercial by a joint venture between Metro Holdings, TE Capital, and LaSalle Investment was completed on Sept 1. The company announced that it will carry out enhancements to the property, which is located in the Jurong Lake District, as part of its efforts to enhance its retail portfolio.
Metro Holdings reported a 6.1% increase in earnings to $25.2 million for the financial year ended March 2023. The group has been actively expanding its retail presence in the region, with a focus on growing its online offerings, in addition to its brick-and-mortar stores. The company also expressed its confidence in the long-term growth potential of the retail sector, despite current headwinds.