Alcom announces new management, board appointments

An interior of Alcom's factory in Bukit Raja Industrial Estate, Klang.

KUALA LUMPUR: Aluminium Company of Malaysia Bhd (Alcom) managing director Heon Chee Shyong has been redesignated as president cum chief executive officer effective immediately.

In a filing with Bursa Malaysia on Wednesday, the aluminium sheet and foil maker said Heon, 50, had accumulated 22 years of working experience within the NS BlueScope Steel group holding numerous key leadership roles.

He is currently the chairman of Aluminium Manufacturers Group of Malaysia.

Executive director Datuk Lim Chee Khoon, 50, has been redesignated as group managing director. He is a co-founder of SCLand Sdn Bhd.

Meanwhile, two people - SCLand Sdn Bhd’s other co-founder Datuk Eng Kim Liong, 53, and Ang Loo Leong - have been appointed executive directors.

SCLand is a property investment and development company with projects in Klang Valley, Selangor, Pahang and Sabah. It became a major Alcom shareholder with a 30% deemed interest in September after SCLand Holdings Sdn Bhd acquired the stake from Towerpack Sdn Bhd.

Towerpack, which last year launched a mandatory takeover bid for Alcom, is 99% owned by Alcom executive director Yeoh Jin Hoe, 70, and remains a substantial shareholder. 

On Monday, Yeoh’s sons - executive directors Marc Francis Yeoh Min Chang, 32, and Keith Christopher Yeoh Min Kit, 31 - resigned from the board to “pursue other interests.”