Tan Sri Dato' Seri Vincent Tan is the current owner of Cardiff City F.C. and also is the Chairman and Chief Executive of Berjaya Corporation ...
KUALA LUMPUR: Berjaya Corp
(BCorp) group founder and adviser Tan Sri Vincent Tan Chee Yioun has returned to BCorp’s board after a hiatus of almost six years, assuming the executive chairman post with immediate effect.
In a statement to Bursa Malaysia, BCorp said his eldest son, Datuk Seri Robin Tan Yeong Ching, 43, would give up his position as chairman but remain as chief executive officer.
Vincent Tan announced his retirement from the board of BCorp on Feb 23, 2012 - two days before his 60th birthday - citing his wish to focus on his philanthropic work.
“During this period, Tan Sri has embarked on various charitable and social programmes and initiatives but at the same time he has continued to explore new business opportunities for the BCorp group as its founder and adviser,” the well-diversified group said.
In a message to the BCorp board, Vincent Tan said: “As you all know, even during my retirement I have been active in looking for new business opportunities for the group.
“Datuk Seri Robin has been an excellent chairman and CEO. He has strengthened the corporate organisation and best practices and the group has enjoyed steady growth and progress during his stewardship. However, I feel that after being away for five years, it is time I returned to the board to actively participate in the deliberation and decision-making at the board level in order to show my commitment and accountability to our stakeholders.”
Meanwhile, Robin Tan said it was appropriate that his father, being the major shareholder of BCorp, took his rightful place as executive chairman.
“Tan Sri started his first business venture way back in 1972 during his early twenties with a car dealership and a construction equipment company while still pursuing his full-time occupation as a life insurance sales agent. With Tan Sri’s more than four decades of entrepreneurial experience and his unwavering dedication and commitment to the group, we have no doubt that he will be able to take the BCorp group of companies to even greater heights.”
Based on BCorp’s statement on Feb 23, 2012, Robin Tan was only to hold the chairman’s post until the board identified and selected a suitable candidate to fill it.
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