Singapore Post (SingPost) shares plunged 3.25% in intraday trading, as investors reacted to news of a significant leadership shake-up and a recent share transfer. The national postal service provider faces uncertainty as several key executives have abruptly exited the company, raising concerns about its future direction and stability.

According to recent reports, at least four executives in key roles are no longer listed on SingPost's website. These include Lee Eng Keat (head of strategy and communications), Sehr Ahmed (group chief people officer), Noel Singgih (group chief information officer), and Michelle Lee (chief sustainability officer). Additionally, two other executives, Audrey Teoh (chief information security officer) and Hendrik Liyuwardi (head of IT infrastructure and service management), announced their departures on Tuesday. A SingPost spokesperson attributed these changes to an ongoing organizational restructure, stating, "As previously shared, SingPost is undertaking an organisational restructure taking place over several months."

Adding to the company's challenges, SingPost recently transferred 1,167,432 shares worth SG$1.6 million for the vesting of share awards granted under its 2013 restricted share plan. Following this transfer, the company now holds 23,821,772 treasury shares, representing about 1.058% of its total outstanding ordinary shares. While share transfers for vesting purposes are not uncommon, the timing of this move amid the executive exodus may have contributed to investor unease, leading to the sharp decline in stock price.