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SP Setia announces leadership transition plans 02 Feb 2021 / 23:45 H.
PETALING JAYA: SP Setia Bhd has revealed a leadership transition following the retirement of its president and CEO Datuk Khor Chap Jen and deputy president and COO Datuk Wong Tuck Wai by the end of September this year.
According to its Bursa disclosure, Datuk Choong Kai Wai will succeed as the group’s president and CEO, while Datuk Koe Peng Kang will take up the role of deputy president and COO effective Oct 1.
It stated that the decision is in line with its leadership talent agenda to sustain its position in the property development market.
pictured) will retire on Sept 30, 2021 under the property developer’s leadership transition and succession plan.
In statements to Bursa Malaysia today, S P Setia announced Datuk Choong Kai Wai’s appointment as president and CEO effective Oct 1, 2021. This decision by the board was made following a succession plan which is part of the company’s leadership talent agenda, implemented based on the robust leadership discussions within the company. The succession plan is positioned to sustain the leadership position of S P Setia as the leading property developer in Malaysia,” S P Setia said.
According to the company, Khor, who was appointed the acting CEO on Jan 1, 2015, had subsequently taken on the CEO position on April 1, 2016 with a clear mandate to reposition S P Setia in a market leadership position.