Tropicana Corporation’s Chief Executive Officer Dato’ Yau Kok Seng plans to retire at an earlier date on 30 November instead of end-2017 because of health reasons, according to a Bursa Malaysia filing on Monday, 2 October.
The 58-year-old Dato’ Yau has led the company since January 2013. He is a member of the Malaysian Institute of Accountants and Malaysian Institute of Certified Public Accountants, and has over 30 years of experience in auditing, corporate finance and general management.
Previously, he was the Corporate Finance Head of Sunway Group in 1992 before he was promoted to Group Finance Director by 1995 and Sunway Holdings’ Managing Director by 2001. Between 2011 and 2012, he was the Group Managing Director of Hong Leong Industries.
Tropicana’s board expresses their sincere appreciation to Dato’ Yau, and is currently looking for his replacement.
Meanwhile, Dion Tan Yong Chien has been appointed as Tropicana’s Managing Director effective on Monday from his previous role as Executive Director.
The 27-year-old graduated with a Bachelor of Science in Information Management for Business from University College London in 2011, then he obtained a Master of Science in Management with Information Systems and Innovation from London School of Economics in 2012.
At present, he sits on the board of Tropicana’s wholly-owned unit Tropicana Golf & Country Resort as well as several private limited companies in Malaysia.
Dion is also a son of Tropicana major shareholder Tan Sri Danny Tan Chee Sing. His oldest brother Dato Dickson Tan Yong Loong and another brother Dillon Tan Yong currently serves as the firm’s Deputy Group Chief Executive Officer and Executive Director, respectively.
Image sourced Tropicana Corp Bhd.
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