Fu Yu terminates Group CEO for misconduct

Singapore Business Review
2025.11.03 03:00
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Fu Yu Corporation Ltd has terminated Group CEO David Seow for gross misconduct, effective October 31, 2025. He also ceased to be a director of the company and its subsidiaries immediately. An interim team, led by Group General Manager Gevin Bai, will manage operations until a new CEO is appointed. The board initiated an internal review after shareholder concerns about executive pay, which led to Seow's dismissal. Ongoing investigations prevent further disclosure, and no other matters related to his departure require shareholder attention.