Genting founder’s grandson named deputy CEO of Genting, Genting Malaysia, Genting Plantations

KUALA LUMPUR (Jan 1): Lim Keong Hui, the son of Tan Sri Lim Kok Thay — chairman and chief executive officer (CEO) of Genting Group — has been appointed as deputy CEO of Genting Bhd, Genting Malaysia Bhd and Genting Plantations Bhd effective tomorrow (Jan 1).

Filings with Bursa Malaysia showed that Keong Hui will be redesignated from his executive director positions in Genting and Genting Malaysia, as well as non-executive director positon at Genting Plantations.

Kok Thay, meanwhile, will assume the deputy chairman role at Genting Plantations, redesignated from his CEO position.

Genting Plantations will then appoint Tan Kong Han to fill the CEO position.

Tan was appointed as Genting Plantations deputy CEO on Dec 1, 2010. He is also the president and chief operating officer of Genting.

Meanwhile, former inspector-general of police (IGP) Tun Mohammed Hanif Omar will be retiring as deputy chairman of Genting and Genting Malaysia tomorrow.

Genting announced that independent director Tan Sri Foong Cheng Yuen will take over as deputy chairman, while Genting Malaysia has appointed non-executive director Tan Sri Alwi Jantan to take up the group’s deputy chairman post.

Genting also announced the appointment of Wong Yee Fun as chief financial officer of the group, following the retirement of Chong Kin Leong.

Genting’s share price gained four sen or 0.66% to close a RM6.10 yesterday, giving it a market capitalisation of RM23.57 billion.

Genting Malaysia, meanwhile, traded unchanged at RM3.02 yesterday, valuing it at RM17.07 billion, while Genting Plantations gained one sen or 0.1% to settle at RM9.86, for a market cap of RM7.94 billion. — theedgemarkets.com

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