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The Straits Times understands Ms Saw, who headed rail operator SMRT Corp for the past nine years, will join Auric Pacific, a diversified unit of Indonesian conglomerate Lippo Group, before the end of the month.
Auric's main business is in the distribution of fast- moving consumables such as food, and it has a strong Asian presence. It also runs foodcourts and restaurants.
Household brands under it include Delifrance, Sunshine Bakeries and SCS Butter.
Ms Saw, who earned about $1.8 million a year at SMRT, may not command the same salary at Auric though. According to Auric's 2010 annual report, Mr Yao earned 'above $500,000'.
Group managing director Yao Che Wan, 65, is due to retire at the company's next annual general meeting on April 27.
http://forums.asiaone.com/showthread.php?t=48601&page=6#57