Next generation at IOI's helm

Joint Press Conference and Analyst Briefing on a major corporate announcement involving IOI Corporation Group and the listing of IOI Properties Group at Marriot Hotel, Putrajaya

PUTRAJAYA: In the conclusion to the demerger exercise being undertaken by IOI Corp Bhd, which will see the separation of IOI Properties Group Bhd from IOI Corp, executive chairman Tan Sri Lee Shin Cheng has appointed his two sons – Datuk Lee Yeow Chor and Lee Yeow Seng – as chief executive officers (CEOs) of IOI Corp and IOI Properties, respectively.

Analysts said their appointments would put both companies on stronger footing and focus.