This article first appeared in The Edge Financial Daily on April 15, 2020

KUALA LUMPUR: IOI Properties Group Bhd has appointed Datuk Voon Tin Yow (pic) as chief executive officer (CEO), replacing Lee Yeow Seng who is redesignated as the group’s executive vice-chairman. In its filing with Bursa Malaysia yesterday, the group said the appointments take effect today.

IOI Properties said as the group's new CEO, Voon is responsible for the overall management of the group’s business segments including property development and investment, hospitality and leisure, as well as executing strategies that deliver sustainable growth for the group.

It said this is due to his 35 years of experience in the construction and property development industry. Before joining the group, Voon was EcoWorld Development Group Bhd executive director (ED) from 2015. He was also a non-independent non-executive director of EcoWorld International Bhd from 2017.

Lee, as executive vice-chairman, is responsible for the strategic direction in sustaining IOI Properties’ overall growth. A graduate from King’s College in London, Lee was IOI Properties CEO from Jan 8, 2014 to Jan 14, 2020. He was first appointed to the board as executive director in 2013.

IOI Properties non-executive chairman Datuk Tan Kim Leong said the appointments will enhance the executive leadership of the team and strengthen the group’s position as one of the leading property developers in Malaysia.