IGB’s Robert Tan to step down as group CEO effective Jan 1

• Boon Lee joined IGB Corp as an executive director in June 2003, and assumed the role of the CEO of Tan & Tan Developments Bhd from January 2008 until he relinquished the post in January 2019.

PETALING JAYA (Nov 25): Datuk Seri Robert Tan Chung Meng will step down as IGB Bhd’s group chief executive officer effective Jan 1, 2023, the group announced in a statement on Friday (Nov 25).

IGB said that Robert will remain with the group in the role of a non-independent, non-executive director to facilitate the change in leadership during the transition.

The property developer also announced that Tan Boon Lee, the current deputy group CEO, will succeed Robert as the group CEO.

In addition, Tan Mei Sian, the current head of group strategy and risk, will assume the role of the deputy group CEO. She will remain as alternate director to Tan Lei Cheng.

“The board of IGB would like to place on record their highest gratitude and appreciation to Datuk Seri Robert Tan for his wisdom, leadership and contribution in steering the IGB group over the years,” the group stated in the announcement.

“He has been instrumental in shaping the group’s growth for the past 27 years, and overseeing the challenges faced by the group during the pandemic. The above transition, which will take effect on Jan 1, 2023, is part of the leadership succession plan approved by the board of IGB on Nov 25, 2022.”

Robert has been on the board of IGB since 1995. He was appointed as the group CEO of IGB on March 30, 2018. Prior to that, he served as the group managing director of IGB Corp Bhd from May 30, 2001 to March 29, 2018.

With more than 30 years of operational and leadership experience as IGB’s leader, Robert is well regarded for his expertise in property development, hotel construction, retail design and development as well as corporate management.

He was involved in various development projects carried out by the IGB group, notably the Mid Valley City.

Meanwhile, Boon Lee joined IGB Corp as an executive director in June 2003, and assumed the role of the CEO of Tan & Tan Developments Bhd from January 2008 until he relinquished the post in January 2019.

After the privatisation of IGB Corp on March 16, 2018, he was appointed as the deputy group CEO of IGB on June 1, 2018 and alternate to Robert on the board on Aug 30, 2018. He has more than 20 years of experience in the property and hotel industry, providing management and technical assistance to hotel and hospitality projects in Malaysia and Asia.

He was the president of the Malaysian Association of Hotel Owners from 2002 to 2004.

Mei Sian was previously an engagement manager at Oliver Wyman, specialising in financial services strategy and risk management consulting, having worked with major financial institutions in the US, UK, Netherlands, China, Taiwan, Hong Kong, Singapore, Malaysia, Thailand and Australia.

She was a non-independent executive director of Goldis Bhd (renamed IGB on March 20, 2018) from May 18, 2016 to Aug 30, 2018. After the privatisation of IGB Corp by IGB, she assumed the role of the head of group strategy and risk and exco chairman of the property investment (commercial) division on June 1, 2018. She is also an alternate director to Lei Cheng, the non-independent non-executive chairman of IGB.