IOI Properties executive vice chairman to assume CEO position

IOI Properties executive vice chairman to assume CEO position

KUALA LUMPUR: IOI Properties Group Bhd executive vice chairman Lee Yeow Seng will take over as chief executive officer of the group following the retirement of Datuk Voon Tin Yow on July 1.

In a filing to Bursa Malaysia today, Lee, 44, served at the London and Singapore offices of a leading international financial services group for approximately two years before joining IOI Group.

Since joining IOI Group, he has been actively involved in corporate affairs and general management within IOI Group, including the demerger and listing of IOI Properties.

Lee joined the board of IOI Properties on February 25, 2013, as executive director and held the position of chief executive officer of IOI Properties from January 8, 2014.

He was subsequently redesignated executive vice chairman of IOI Properties on April 15, 2020.

Lee was also appointed the executive director of IOI Corporation Bhd on June 3, 2008, and was subsequently redesignated as a non-independent non-executive director on December 18, 2013.

Meanwhile, in another filing to Bursa Malaysia, IOI Properties announced that Voon, 65, is set to retire after serving 39 years in the construction and property development industries.

The group noted that his 39 years of working experience include three years in construction site management and 36 years in property development management.

Previously, Voon was appointed as the chief executive officer of IOI Properties on April 15, 2020. 

He was responsible for the overall management of IOI Properties' business in its various business segments of property development, property investment, hospitality, and leisure.

He took the helm and executed strategies that delivered sustainable growth for the group.

Source: New Straits Times