The February restructuring resulted in 45 employees being laid off, mostly from corporate support units.
SingPost also appointed a new chairman of the board of directors in May.
Mr Chong joined the company on Nov 1. He spent 28 years at Singtel, and served as the telco’s group chief corporate officer right before leaving for SingPost.
He previously represented Singtel on the boards of other companies, and is still a board member at the Civil Aviation Authority of Singapore.
Asked about how changes to the leadership have affected business or confidence, Mr Chong said the company is opening a “new chapter in SingPost history”.
“What you see is a new management team in front of you,” he said. The divestment of overseas units had helped SingPost’s financial position so it can explore options.
“We will focus on domestic operations for now, looking at service quality, getting competitive in a challenging industry,” he said.
On Monday, SingPost announced that its net profit for the first half of its financial year fell 17.1 per cent from a year ago, while revenue fell 27.4 per cent.
