IJM names Lee Chun Fai as new CEO and MD

• IJM said that throughout his 27 years of service with IJM, Lee had held a variety of executive, operational and project leadership roles.

KUALA LUMPUR (Feb 7): IJM Corp Bhd has appointed Lee Chun Fai as its group chief executive officer and managing director with effect from April 1. Lee has been serving as IJM's deputy CEO and deputy MD since April 2015.

He will be taking over from the current CEO and MD, Liew Hau Seng, who has announced his intention to retire effective March 31. Liew, 57, was appointed to the CEO and MD positions in September 2019.

In a statement, IJM said that throughout his 27 years of service with IJM, Lee had held a variety of executive, operational and project leadership roles.

“I believe we have an exciting future ahead of us as we capture growth opportunities and harness synergies across our core businesses of construction, property, industry and infrastructure concessions," said Lee. "Our focus will remain on delivering our world-class expertise and products to our clients, as well as to deliver long-term growth and value creation for our stakeholders.”

Meanwhile, IJM chairman Tan Sri Krishnan Tan conveyed his sincere thanks to Liew for his 34 years of service to the group.

“Liew’s strategic focus of ‘Build Resilience, Drive Growth, Nurture Capabilities’, especially during the unprecedented Covid-19 crisis, resulted in the group’s improved financial performance and position, the realignment of the group’s core businesses and the strengthening of succession pipelines. I wish him all the best in his retirement,” said Tan.