KUALA LUMPUR: IOI Properties Group Bhd
executive vice-chairman Lee Yeow Seng (pic) will be redesignated as CEO of the group following the retirement of Datuk Voon Tin Yow on July 1.
According to the group, there will be no replacement for the position of executive vice-chairman at the property developer.
Lee and his brother, Datuk Lee Yeow Chor, are major shareholders of IOI Properties through Vertical Capacity Sdn Bhd.
The group said in a filing with Bursa Malaysia that Lee, 44, served at the London and Singapore offices of a leading international financial services group for approximately two years prior to joining IOI Group.
Since joining IOI Group, he had been actively involved in corporate affairs and general management within IOI Group prior to 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 CEO of IOI Properties from Jan 8, 2014.
He was subsequently redesignated to executive vice-chairman of IOI Properties on April 15, 2020.
Lee was also appointed the executive director of IOI Corp Bhd on June 3, 2008, and was subsequently re-designated to non-independent non-executive director on Dec, 18 2013.
Meanwhile, the property group said Voon, 65, will call it a day after 39 years in the construction and property development industry.
According to the group, Voon was appointed CEO of IOI Properties on April 15, 2020, and was responsible for the overall management of its business in its various business segments of property development, property investment as well as hospitality and leisure.
