SATS chief exec Alex Hungate to join Grab as COO in Jan 2022

SATS chief executive Alex Hungate. Source: SATS.

Grab has roped in Alex Hungate, the current chief executive at Singapore’s ground-handling and in-flight catering service firm SATS, as its next chief operating officer (COO).

Hungate will begin his tenure at Grab on Jan 4, 2022. 

In a statement, Grab said that Hungate “is a proven operator with deep experience running businesses in our related industries of financial services, logistics and food service.”

“Grab’s business has expanded from ride-hailing into multiple new segments in the last three years, and Alex will bring together and create greater ecosystem synergies across Grab,” it added. 

In a filing with the Singapore stock exchange on Friday, SATS said Hungate was leaving the company in December for “a new role in a different industry.”

Hungate has been at the helm of the airport services provider since January 2014. He joined the firm in 2011 from HSBC Singapore, where he was the CEO.

He is also a member of the Singapore Economic Development Board and an independent director at Singapore’s UOB Bank. 

Grab’s current chief operating officer is its co-founder Tan Hooi Ling. The company said that Tan will continue to oversee technology, people operations and corporate strategy, among others. 

Grab is expected to list on the Nasdaq by the end of this year through a merger with special purpose acquisition company Altimeter Growth Corporation at a valuation of nearly $40 billion.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.