Teo Seng Capital Bhd has appointed Nam Ya Jun as its new managing director, succeeding Nam Hiok Joo, who stepped down after serving in the role for about eight years.
The group also appointed Na Yi Chan as its executive director, replacing Loh Wee Ching, who retired from the board. All appointments took effect on July 2.
Hiok Joo, 59, who has more than 30 years of experience in the poultry industry, joined Teo Seng Feedmill Sdn Bhd as general manager in 2001 before becoming the group’s general manager in 2010.
He had served as Teo Seng Capital’s managing director since June 2018 before stepping down.
The group, however, did not disclose the reason for Hiok Joo’s resignation.
Ya Jun, 44, who joined the group in 2005, is the nephew of Hiok Joo and also a cousin of Yi Chan.
Teo Seng Capital’s shares price closed down half a sen or 0.63% to 79 sen, giving the group a market capitalisation of RM474 million. Year-to-date, the stock has fallen 19%.
