KUALA LUMPUR (May 8): William Foo has been appointed chief executive officer of Tune Insurance Malaysia Bhd effective today.
Tune Protect Group Bhd — the parent company of Tune Insurance — announced the appointment today in a filing with the bourse.
"The company is optimistic that with Foo on Board, it will accelerate its growth and transformation towards becoming a leading digital insurer.
"He brings with him more than 25 years of experience and solid track record, having served in a variety of roles in the general insurance industry."
Foo is an associate of the Malaysian Institute of Insurance, a senior associate CIP of Australian and New Zealand Institute of Insurance and Finance and a Registered Financial Planner. He graduated with a Bachelor of Management with Honours from Universiti Sains Malaysia.
Shares of Tune Protect today closed down 0.5 sen or 0.7% to 70.5 sen for a market capitalisation of RM529.99 million.