By Farah Wahida:

SP Setia’s CEO and President Tan Sri Liew Kee will hand over the reins to COO and Deputy President Datuk Voon Tin Yow after the former’s retirement, according to a report by The Star.

At the same time, Datuk Teow Leong Seng, who is currently the company’s Executive Vice-President and Chief Financial Officer, will assume the position of Deputy President.

“Collectively, both have more than 33 years of experience with SP Setia and they will be supported by the group’s executive vice-presidents. Nearly all of whom have been with the group since Liew first became CEO in 1996,” said the company.

Moreover, the management succession plan was already approved by the firm’s board of directors during a meeting held yesterday.

“I am very happy the board has approved this management succession plan while I am still the CEO of the group,” said Liew.

“Voon has been with me since day one when I first became a property developer. Together, we built SP Setia up from a small Malaysian developer to become a global property player with a presence in seven countries.”

Meanwhile, Teow has been with SP Setia since 1997. Notably, his expertise in business development, as well as the corporate and financial arena perfectly complements Voon’s skills in engineering, construction and property development.

“This will ensure that the full potential of the group’s remaining 5,384 acres of undeveloped prime landbank can fully be realised and enhanced, thereby creating enduring value for all our shareholders and every stakeholder,” added Liew.

Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email

Related Stories:

SP Setia names new heads

SP Setia posts solid 25.5% earnings growth

75% believe property prices are expensive: PG survey