Olivia Lum should give up role as Hyflux chair during restructuring, says Sias chief

Singapore

WITH beleaguered water treatment firm Hyflux appearing to be on the mend, attention has turned to whether it needs fresh leadership to take it through its mega restructuring.

The Securities Investors Association Singapore (Sias) has urged Hyflux chairman and chief executive Olivia Lum to relinquish her position as chairman and make way for someone with "greater independence and experience in rescuing troubled companies".