SINGAPORE - Distressed start-up Honestbee has introduced a host of changes to its management team, as the company continues its restructuring efforts.In an interview with The Straits Times earlier this month, Honestbee chief executive Ong Lay Ann, 46, who took over the reins in mid-July, said that appointing a new finance head and restructuring the management team were among the firm's priorities.
Mr Lim Yiak Tiam, 43, a chartered accountant, was appointed vice-president for finance. He joined the company in September as interim chief financial officer before his recent appointment, where he is responsible for several functions including audit and accounting. He noted that processes like inventory management systems and checks and balances were integral to the grocery business, and that these were measures he was looking to have in place with a refreshed management team.
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