Founder-CEO of Surrey Hills Holdings fired after admitting to wrongdoings, fraud against company

Pang Gek Teng, founder and chief executive officer of Surrey Hills Holdings, has had her employment terminated.

The firm, which manages local grocer chain Surrey Hills Grocer, issued a statement on the termination on Mar. 28.

"Ms Pang has admitted to certain wrongdoings and fraud committed against the company," it said.

The company will carry out further investigations to ascertain the full extent of her wrongdoings, as well as the losses suffered by the company.

Board director Koh Chew Chee will assume her former responsibilities as CEO in the interim.

The company's businesses will continue without disruption in the meantime.

Pang's response

In response to Mothership's queries, Pang said that she is "deeply disappointed" with the current situation, but remains proud of what she and her colleagues have achieved.

"From a single vision from Joo Koon, we cultivated a thriving business that has resonated with so many, and I am grateful for the unwavering support from our customers, partners, and employees who believed in this journey," she said.

She added that she needs time to process what has happened, but remains committed to the industry.

Australian-inspired grocer

Pang, 36, opened the chain's first outlet in early 2022.

She left her banking job to become an entrepreneur, and started and sold two business ventures before embarking on Surrey Hills Grocer.

Advertising itself as an "Australian-inspired grocer and cafe", the chain imports ingredients directly from farms in Australia.

Currently, Surrey Hills Grocer has five outlets across Singapore.

They are located in Ion Orchard, Woodleigh Mall, Raffles City, One Holland Village, and VivoCity.

Top image from Pang Gek Teng