Pecca appoints Foo Ken Nee as CEO

KUALA LUMPUR (June 1): Car leather upholstery maker Pecca Group Bhd on Wednesday (June 1) announced the appointment of Foo Ken Nee as its chief executive officer.

Foo, 44, shall be responsible for driving strategic growth and expansion opportunities of the group, Pecca said in a bourse filing.

Foo was Pecca’s chief financial officer from January 2019 to May 2021, before joining Tropicana Corp Bhd's subsidiary company Tropicana Golf & Country Resort Bhd as the executive director, in which he was responsible for new business development, strategic operations and financial management involving multiple industry
sectors.

According to Pecca, Foo has a wealth of experience of over 20 years in several key industries, namely pharmaceutical and consumer healthcare, audit and corporate advisory, manufacturing and supply chain distribution.

He has previously held senior leadership positions as executive director; country manager; chief financial officer; marketing director; strategic planning and business
operations director; head of business development in his past employments with several multinational corporations.

This includes Tropicana, Pfizer, Zoetis, Zuellig Pharma, and PricewaterhouseCoopers, Pecca said.

“He specialises in the areas of corporate strategic planning; business development; financial and operational management; sales and marketing management; corporate restructuring; audit advisory services; and mergers and acquisitions,” said Pecca.

Foo, a qualified chartered accountant and a member of the Malaysian Institute of Accountants and CPA Australia, obtained his bachelor of commerce from Murdoch University, Western Australia, majoring in accounting and finance.

Pecca posted a slightly higher net profit of RM8.09 million for the third quarter ended March 31, 2022 (3QFY22), from RM8.05 million in the same period last year. Quarterly revenue grew 7.42% to RM45.65 million from RM42.5 million, attributable to higher revenue from the automotive segment.

For the cumulative nine-month period, Pecca’s net profit dropped 23.96% to RM14.6 million from RM19.21 million, while revenue slipped 1.27% to RM113.64 million from RM115.11 million.

Pecca’s share price finished unchanged at RM2.91 on Wednesday, bringing it a market capitalisation of RM547.08 million.