PPP Laser Clinic Announces New Managing Director and Senior Management Appointments
· New Managing Director, Mr Terence Loh’s priority is to ensure the resumption of normal business operations and address patients’ needs
· Company to set up Medical Advisory Committee that will put in place new and improved medical treatments and protocols to ensure safety and good corporate governance
· One of PPP’s Co-Founders, Dr Kenneth Thean, to chair the Medical Advisory Committee
· Deputy Regional Chief Medical Officer, Dr Ng Hong Yi, to remain in current role and also appointed to the Board and Medical Advisory Committee
· New PPP Board to comprise Mr Terence Loh, Mr Nelson Loh and Dr Ng Hong Yi
Singapore, 11 February 2016 – PPP Laser Clinic (“PPP” or the “Company), a homegrown skincare specialist company that provides advanced medical and light facials for pimples, pores and pigmentation, today announced that at the EGM of shareholders held in Singapore (on 4 February 2016), shareholders voted in favour of the following proposals:
· Re-elect Mr Nelson Loh as Director of the Company; and
· Elect Mr Terence Loh as the Managing Director of the Company and to the Board of Directors.
In what is a strong signal of business continuity, Dr Kenneth Thean, one of the co-founders of PPP has been appointed as Special Advisor and Chairman of the newly constituted PPP Medical Advisory Committee, which will serve as the advisory arm to the new Board, on new and improved medical treatments and protocols that will focus on safety and ensure good corporate governance. Also sitting on the Medical Advisory Committee is Dr Ng Hong Yi, a senior healthcare professional, who remains as Deputy Regional Chief Medical Officer of PPP and will be appointed to the Board effective 15 February 2016. (Refer to Appendix A)
Singaporean Mr Terence Loh is a veteran of the consumer, retail and services business. A former JP Morgan banker, he has been instrumental in the opening of PPP Laser Clinic in Singapore. In the last two years, Terence was also involved in the opening of 20 aesthetic clinics across China. Prior to this, as the Managing Director of DORR Group, he operated a string of successful luxury car dealerships in China and is actively involved in various start-up businesses, including one of China’s largest online fashion magazine and wedding photography platform.
Fellow Singaporean Mr Nelson Loh is an ex-investment banker at JP Morgan. He is experienced in regional M&A and capital market transactions, having successfully completed numerous capital market and corporate finance transactions over the course of his banking career. A graduate of Cambridge University, Mr Nelson Loh is a seasoned investor who has managed several investment funds in Asia and his deal execution experience brings immense value to the PPP business. With him stepping forward to lead PPP with Terence, the Company is well-poised to ride through the recent operational disruptions caused by the previous management.
“PPP Laser Clinic is a proven skincare laser solution provider in the market locally and in Asia. My first and foremost priority since assuming management control is to ensure that PPP’s patients are well taken care of. This includes improving our service standards, resuming normal operating hours and the opening of more (previously closed) clinics. Further to this, we are pleased that the Court has made orders for the protection of PPP’s businesses and assets,” said Mr Terence Loh, Managing Director, PPP Laser Clinic.
“Terence is a proven business leader with a track record of delivering results. The addition of his business acumen and global healthcare industry experience greatly deepens our management bench strength as we seek to deliver high-value services to our patients,” said Dr Ng Hong Yi, Deputy Regional Chief Medical Officer, PPP Laser Clinic. “Having an aligned vision with the Board, we are confident in the new management’s abilities to lead PPP Laser Clinic through this hiccup and build for the future.”
In keeping with the Lunar New Year celebrations this week, Mr Terence Loh, Mr Nelson Loh and Dr Kenneth Thean have today visited some of the Company’s clinics to spread the New Year cheer with patients and staff – through the traditional lion dance ceremony and the giving of Mandarin oranges to patients – signalling the heralding of a new PPP management team in the New Year. Attached are two photos from celebrations at the Jurong Point outlet.
From left to right: Mr Terence Loh, Dr Kenneth Thean and Mr Nelson Loh with happy patients
PPP staff at the Jurong Point outlet
