IOI Properties Group Announces Redesignation and New Appointment

IOI Properties Group Announces Redesignation and New Appointment

IOI Properties Group Berhad (IOIPG) today announced that its Chief Executive Officer (CEO) Lee Yeow Seng will be redesignated as Executive Vice Chairman with effect from 15 April 2020. With  the new appointment, he will relinquish his position as CEO. 

IOIPG also announced that Dato’ Voon Tin Yow will be appointed as CEO effective 15 April 2020. 

IOIPG Non-Executive Chairman Datuk Tan Kim Leong welcomes both the redesignation and appointment, which will enhance the executive leadership of the IOIPG team and strengthen the Group’s position as one  of the leading property developers in Malaysia. 

Lee Yeow Seng, 42, was first appointed to the Board of IOIPG on 25 February 2013 as Executive Director.  He was the CEO of IOIPG from 8 January 2014 to 14 April 2020. He was also appointed the Executive  Director of IOI Corporation Berhad in 2008 and was subsequently redesignated as Non-Independent Non Executive Director in 2013. 

Lee Yeow Seng is an LLB (Honours) graduate from King’s College London, and is a barrister-at-law from  the Bar of England & Wales by Inner Temple. He has served at the London and Singapore offices of a  leading international financial services group for approximately two years prior to joining IOI Group. In  IOI Group, he was actively involved in corporate affairs and general management within the Group prior  to the demerger and listing of IOIPG. 

As the Executive Vice Chairman of IOIPG, Lee Yeow Seng will be responsible for strategic direction, in  sustaining the overall growth of the Group. 

Meanwhile, Dato’ Voon, 63, has 35 years of working experience in the construction and property  development industry, and is a graduate from The University of Texas at Austin with a Master of Science  in Engineering and a Bachelor of Science in Civil Engineering. Prior to joining the Group, Dato’ Voon was  with EcoWorld Development Group Berhad as Executive Director since 2015. Dato’ Voon was also a  Non-Independent Non-Executive Director of EcoWorld International Berhad since 2017. In February  2020, he resigned from the board of both companies. 

Previously, Dato’ Voon was Executive Director at S P Setia Berhad and held the post of Chief Operating  Officer from 1996 to 2014, during which he also served as Acting President and CEO from May 2014 to  December 2014. At S P Setia, he oversaw the development of the entire ecosystem to establish the  company’s policies and procedures. Dato’ Voon was also instrumental in leading the Malaysian consortium  comprising S P Setia and Rimbunan Hijau Group to jointly develop the China-Malaysia Qinzhou Industrial  Park in the People’s Republic of China with a Chinese consortium. 

As the CEO of IOIPG, Dato’ Voon will be responsible for the overall management of the Group’s business  in its various business segments of Property Development, Property Investment as well as Hospitality and  Leisure; and will take the helm in executing strategies that delivers sustainable growth for the Group.