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.