KUALA LUMPUR (Jan 23): Former chief executive officer (CEO) of IOI Properties Group Bhd Datuk Voon Tin Yow is set to come out of retirement and assume the role of CEO at Mah Sing Group Bhd, effective Feb 2, 2024.

Voon, 66, with 40 years of experience in the construction and property development industry, will replace Datuk Ho Hon Sang, who has been at the helm since 2016 and cited retirement as the reason for his resignation.

However, Ho will continue to serve as executive director of the company until March 31, 2024 to facilitate a smooth transition, according to the property developer's stock exchange disclosure.

Voon began his career as a site engineer in 1984, progressing through various roles, including general manager at Syarikat Kemajuan Jerai Sdn Bhd. He served as chief operating officer at S P Setia Berhad from 1996 to 2014, overseeing international ventures and playing a key role in developing the China-Malaysia Qinzhou Industrial Park.

After joining Eco World Development Group Berhad in 2015, Voon later served as CEO of IOI Properties Group Berhad from April 15, 2020, until his retirement on July 1, 2023.

In a separate announcement, Mah Sing also announced the appointment of Lionel Leong Jihn Haur as deputy CEO cum executive director, effective Feb 2.

Leong, 35, holds 142,187 shares in Mah Sing and is the son of Tan Sri Leong Hoy Kum, founder, managing director and a major shareholder of Mah Sing. Additionally, he is the nephew of Datuk Seri Leong Yuet Mei, an executive director of Mah Sing.

Leong holds a degree in Economics and Finance from the University of New South Wales, Sydney. He has been with Mah Sing since March 2013, initially as general manager, group strategic development and projects, before being promoted to director, group strategy and operations in March 2016.

Mah Sing's shares were half a sen or 0.56% higher at 90 sen at noon break, which translates into a market capitalisation of RM2.17 billion.