KUALA LUMPUR, April 4 — SP Setia Bhd’s board of directors has confirmed Datuk Khor Chap Jen as its President and Chief Executive Officer (CEO) effective April 1, 2016.
In a filing to Bursa Malaysia, the property developer said Khor who assumed the role of Acting President and CEO since Jan 1, 2015, has been lending his expertise to the group since 1995.
The board has also confirmed Datuk Wong Tuck Wai as its Deputy President and Chief Operating Officer (COO), and Choy Kah Yew as its Chief Financial Officer (CFO) with effect from April 1, 2016.
“During his appointment as the Acting President and CEO, Khor has demonstrated his leadership in motivating and leading Team Setia in achieving commendable results despite challenges faced in people movement in the company,” SP Setia said.
It said he put the team in place and ensured a continuity of business operations which resulted in the company achieving RM4.32 billion in sales for the financial year 2015, the highest among the property industry.
“The group also won reputable awards in 2015 which showed market recognition of the company as one of the top property developers in the country under his leadership,” it added.
Some of the awards won are the prestigious FIABCI Malaysia Property Awards 2015, South East Asia Property Awards 2015 and Best Employer Award by Aon Hewitt.
Meanwhile, SP Setia said Wong has been with the group for 40 years and as Acting Deputy President and COO, he supported Khor in leading Team Setia to achieve commendable group key performance indicators and sales results.
As for Choy, he joined the group in April 2014 as the Head of Corporate Affairs and was subsequently appointed Acting CFO on June 16, 2014.
Chairman of the Board, Tan Sri Dr Wan Mohd Zahid Mohd Noordin, said the company expressed its confidence that the confirmation of these three key management positions would continue to contribute positively to the sustainable growth of the company.