PETALING JAYA: Mudajaya Group Bhd has redesignated its group managing director and CEO James Wong as executive chairman, effective April 1, 2024.
Wong succeeds Lee Eng Leong, who is stepping down due to personal reasons, said the group in a filing with Bursa Malaysia today.
“Lee will remain as an advisor to the group for the next few months to ensure a smooth transition together with the support of the board,” the conglomerate said.
Mudajaya has also appointed Alvin Chew, who is currently heading the construction division, as the acting group COO to help oversee the group’s construction, trading and manufacturing, property as well as power divisions.
Incorporated in 2003, the investment holding company is involved in the construction, energy, and property sectors.
At market close, Mudajaya’s share price was unchanged at 14 sen, giving it a market capitalisation of RM262.63 million.