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Grab president ‘Batman’ Maa to step down in April
In a major management reshuffle, Ming Maa will step down as president of Grab at the end of April 2024.
The Singapore-based super app is not seeking a replacement for Maa, who cited personal reasons for his departure. “The truth is my family hasn’t always been able to come first over the past years. My children are growing, and I’d like to be there for more of it,” he wrote in a LinkedIn post.
Maa’s duties will be assumed by other executives at the company, Grab said in a statement.
In an internal note to employees, Grab co-founder and chief executive Anthony Tan compared Maa to Batman, explaining how he never flinched at the need “to fly across the world to meet an investor or partner if he believes it drives the right outcomes” for the super app.
“We are still working on this and have not concluded on the next steps with Ming,” Tan added in his note, which was reviewed by Tech in Asia.
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wiselyworm : could be a good thing! these top execs get paid a lot so the cost savings could also be quite substantial!
RocketBulldozer : Anthony shld step down too
He doesn’t add confidence in the market
Macdonell J : Grab will remain as a penny stock if a major management overhaul is not carried out, and Anthony should stop calling Grab a superapp which is not.