The Executives

The Executives

PIAM Reappoints Ng Kok Kheng As Chairman For 2026–2028 Term

Persatuan Insurans Am Malaysia (PIAM) has re-elected Ng Kok Kheng as its chairman for the 2026–2028 term, effective April 29, 2026. In a statement, PIAM said Ng will continue to lead the board of directors as the association represents the general insurance industry amid an evolving operating landscape. The focus moving forward includes capturing growth opportunities while addressing emerging risks and technological changes driven by regulatory reforms, as well as rising global economic and climate volatility. Commenting on his re-election, Ng said PIAM and its 23 member companies remain committed to strengthening the industry’s role in supporting Malaysia’s economy and consumers. “In line with our vision to be the trusted voice of the general insurance industry, PIAM and its 23 members remain committed to fostering a sustainable ecosystem and ensuring Malaysians continue to benefit from a robust and resilient sector that provides comprehensive solutions for individuals, businesses, and communities,” he said. Ng, who is an independent director, brings more than 30 years of experience in the insurance industry. Meanwhile, PIAM also announced the re-election of Antony Lee, Chief Executive Officer of AIG Malaysia Insurance Bhd, as its deputy chairman for the same term. The association said the leadership continuity is expected to support ongoing industry initiatives, including efforts to enhance market resilience, strengthen consumer protection, and promote sustainable growth within Malaysia’s general insurance sector.

The Executives

Amir Hamdan To Step Down As Prasarana President And CEO

Prasarana Malaysia Bhd CEO Amir Hamdan to step down after almost eight years. Public transport operator Prasarana Malaysia Bhd has confirmed that Group President and Chief Executive Officer Amir Hamdan will be ending his tenure after serving the organisation for nearly eight years. In a statement today, Prasarana said Amir’s decision to step down is for personal reasons and in line with his future plans. The company said further updates on leadership continuity and succession arrangements will be announced through its official communication channels in due course. “Prasarana would like to express its highest appreciation for his contributions and leadership throughout his tenure, and wishes him the best in his future endeavour,” it said. Throughout his time with the group, Amir played a key role in driving transformation initiatives and strengthening Prasarana’s operational performance, with a focus on improving public transport services and overall service delivery for commuters.

The Executives

Cloud Space Says 70–80% Of Firms Still In AI Pilot Stage, Wins 2026 Google Cloud Partner Of The Year Malaysia

 Aaron Chong (Director – COO of Cloud Space). 1. Many organisations are still stuck at the pilot stage when it comes to AI. What are you seeing on the ground? We are seeing a clear shift from experimentation to execution across the market. Over the past year, conversations have moved from “what AI can do” to “how quickly it can be deployed to deliver measurable outcomes”. Based on our observations across engagements, approximately 70–80% of organisations are still in the pilot or early implementation stage, which highlights the gap between ambition and execution. The challenge now is less about access to technology and more about integration. Many organisations have the tools, but aligning them with business processes and ensuring adoption across teams remains a key hurdle. This highlights that many businesses have their AI “engine” started (pilot or early implementation stage), but the AI “gears” are not yet fully engaged or integrated with their respective business processes (advanced stage of AI integration). 2. Where are companies seeing the most immediate value from cloud and AI adoption? The most immediate value is typically seen in operational efficiency. This includes areas such as automating repetitive processes, improving data accessibility, and enabling faster decision-making. In our experience, organisations can achieve up to: • 40% improvement in overall work efficiency or productivity across sectors• 30% reduction in production time, particularly in the E&E manufacturing sector• 80% increase in test execution speed, with significant impact in software development or when AI is effectively embedded into workflows (Based on reports from IDC, PwC, and selected ASEAN market studies) Cybersecurity and customer experience are also seeing strong returns, particularly where AI enhances accuracy and response speed in real-time environments. 3. Cloud Space has worked with a range of leading enterprises across different sectors. What do these engagements reveal about enterprise priorities today? Enterprises are becoming significantly more outcome-driven. There is less interest in adopting technology for its own sake, and more focus on how it translates into measurable improvements. This includes areas such as cost optimisation, scalability, and operational resilience. Organisations are looking for solutions that support long-term growth rather than short-term gains. As a result, the role of implementation partners is evolving. Clients expect partners not only to deploy solutions, but also to guide them through the transformation process and ensure successful adoption. 4. How are enterprises approaching cybersecurity today? Cybersecurity has moved firmly into the boardroom. It is no longer viewed as a purely technical function, but as a critical component of overall business resilience. Organisations are increasingly adopting AI-driven approaches to enhance threat detection and response. This includes a shift towards more proactive and automated security operations. The focus is now on transforming Security Operations Centres to improve response times and operational efficiency. This reflects a broader shift towards integrated, intelligence-led security frameworks. Cloud Space Named 2026 Google Cloud Partner of the Year for Malaysia (L-R: Benjamin Kok, Head of Data & Projects; Kishan Singh, Head of Sales). 5. Cloud Space was named the 2026 Google Cloud Partner of the Year for Malaysia. How does that recognition translate into business impact? The recognition reinforces confidence among clients, particularly for large-scale and high-stakes projects. It signals that we have the capability to deliver consistently across different industries. It also strengthens our position within the broader ecosystem, including our collaboration with Google Cloud. This enables us to access new technologies earlier and bring them to market more effectively, while supporting our customers in adopting and embedding them into their business processes. At a broader level, it highlights the growing capability of Malaysian firms within the global cloud and AI landscape, which is an encouraging development for the industry. 6. Your team has grown from four to over 50 people in a short period. How do you maintain quality while scaling? Maintaining quality starts with building a strong technical foundation. We invest heavily in developing expertise across cloud, data, security, and AI to ensure consistent delivery for our customers. We are also deliberate in the type of projects we take on. Rather than scaling purely for volume, we focus on engagements where we can deliver meaningful impact. This approach, anchored by our highly experienced talent and specialised technical expertise, allows us to grow sustainably while maintaining the highest standards of delivery. In a field where execution quality directly influences client outcomes, our focus remains on ensuring that every deployment translates into tangible, positive business impact. 7. How do you see the competitive landscape evolving in the next few years? The market is likely to become more specialised. As technologies mature, clients will increasingly look for partners with deep expertise rather than generalist capabilities. This is particularly true in areas such as AI, data, and cybersecurity, where implementation requires a high level of technical depth. At the same time, competition will intensify as more players enter the market. Differentiation will depend on the ability to deliver consistent, measurable outcomes. 8. What challenges do organisations face when scaling AI initiatives? One of the main challenges is integration. Many organisations operate with legacy systems, which makes it more complex to implement new technologies. There is also a need to align AI initiatives with business objectives. Without clear direction, projects can become fragmented and fail to deliver meaningful outcomes. Additionally, change management plays a critical role. Ensuring that teams understand and adopt new technologies is essential for long-term success. 9. What role do partners like Cloud Space play beyond implementation? Are you increasingly becoming strategic advisors? The role of partners is evolving beyond implementation into a more strategic function. Organisations are seeking guidance not only on how to deploy technology, but also on how to align it with broader business objectives. This includes areas such as identifying the right use cases, prioritising investments, and ensuring that solutions are scalable over time. In many cases, the challenge is not the technology itself, but how it integrates into existing operational processes and aligns with the organisation’s long-term strategy. As a result, partners

The Executives

TAS Offshore Founder Lau Nai Hoh To Step Down As MD, Son To Take Over

TAS Offshore Bhd has announced that deputy managing director Lau Choo Chin will succeed his father, founder Datuk Lau Nai Hoh, as managing director following his resignation effective April 30 due to health reasons. In a Bursa Malaysia filing, the group said Lau Nai Hoh, 75, will step down after serving as managing director since 2008. He remains the company’s largest shareholder with a 31.68% direct stake, although he has recently transferred part of his shares to his daughter. Lau Choo Chin currently serves as deputy managing director and has more than 28 years of experience in shipbuilding and project management, particularly in the oil and gas sector. He also holds a 7.84% direct stake in the company, while his brother, executive director Lau Choo Kuang, owns 7.62%. In a separate announcement, TAS Offshore reported stronger earnings for the third quarter ended May 31, 2026, with net profit rising to RM2.95 million from RM205,000 a year earlier, supported by higher vessel deliveries. Revenue for the quarter increased 22.7% to RM24.14 million, while nine-month net profit grew 24.6% to RM19.41 million. Looking ahead, the group said Indonesia remains its key market, driven by strong demand from the mining, maritime trade, and port development sectors.

The Executives

SCIB’s Ku Chong Hong Becomes Major Shareholder Of Axteria, Named Executive Director

Sarawak Consolidated Industries Bhd (SCIB) group managing director and chief executive officer Ku Chong Hong has emerged as a substantial shareholder of property developer Axteria Group Bhd after acquiring an indirect 27.13% stake in the company. Ku, 37, was also appointed as an executive director of Axteria, according to filings announced on Monday. Besides leading SCIB, he also serves as executive director and chief financial officer of Globetronics Technology Bhd. The stake is held through Atlantis Corporate Sdn Bhd, which acquired 200.27 million Axteria shares via a direct business transaction. Following the deal, Atlantis now owns 213.93 million shares, equivalent to a 27.13% interest. The transaction value was not disclosed. At the same time, Axteria’s group managing director and substantial shareholder Woo Wai Onn @ Foo Wai Onn exited the company after selling his entire 186.27 million shares, representing a 23.62% stake, at 36.9 sen per share. It was not disclosed whether he had resigned from his management role. Separately, deputy chairman Datuk Abdullah Abdul Mannan sold 14 million shares, or a 1.78% stake, at 20 sen per share, reducing his direct shareholding to zero. He also resigned from his position, citing personal commitments. Independent non-executive chairman Mok Juan Chek also stepped down for personal reasons. In another filing, Axteria announced the appointment of Oh Bang Han, 40, as executive director, effective Monday. Axteria shares closed half a sen lower at 15.5 sen on Monday, giving the company a market capitalisation of RM122.23 million. The stock has gained more than 70% so far this year.

The Executives

Vale Appoints Edwin Gerard As CEO Of Malaysia Unit

Brazilian mining giant Vale SA has appointed Edwin Gerard as chief executive officer (CEO) of its Malaysian subsidiary, Vale Malaysia Minerals Sdn Bhd. In a statement, Vale said Gerard brings more than 25 years of international experience in large-scale port operations, logistics and infrastructure management. Throughout his career, he has held senior leadership positions in Oman, Nigeria, Egypt, Türkiye and Malaysia. His most recent role was chief operating officer of Johor Port Bhd. Vale noted that Gerard is the first Malaysian to be appointed to lead its Malaysian operations, reflecting the company’s continued commitment to developing local talent in the countries where it operates. As CEO, Gerard will oversee one of Vale’s most important hubs in Asia, which distributes around 20 million tonnes of iron ore annually. He will also lead efforts to strengthen the company’s focus on safe, reliable and sustainable operations. Vale’s Malaysian presence includes the Teluk Rubiah Maritime Terminal in Perak, one of the state’s largest foreign direct investments, as well as its Asia Pacific corporate office in Kuala Lumpur. More than 95% of the company’s workforce in Malaysia consists of local employees. Gerard succeeds Leonardo Paiva, who played a key role in reinforcing Vale’s long-term and sustainable presence in Malaysia. Under Paiva’s leadership, Vale launched several community-focused social investment programmes in Perak, including urban rejuvenation projects in Manjung, revitalisation efforts in Beruas and Manjung Lama, and the Teluk Rubiah Scholarship Programme aimed at nurturing local talent. Since beginning operations in Teluk Rubiah in 2014, Vale said it has invested about RM80 million in social initiatives covering education, women empowerment and environmental conservation.

The Executives

TalentCorp Appoints Biruntha Mooruthi As New Group CEO

Talent Corporation Malaysia Berhad (TalentCorp) has appointed Biruntha Mooruthi as its group chief executive officer, effective immediately, the agency said on Wednesday. She replaces Edward Ling, who is stepping down less than six months after taking on the role on Nov 4 last year. TalentCorp, an agency under the Ministry of Human Resources (Kesuma), said the leadership change is part of its efforts to strengthen the execution of a more focused national talent strategy aligned with industry needs and measurable outcomes. The agency plays a key role in implementing Malaysia’s national talent policies and acting as a strategic think tank for the ministry. It added that the appointment supports its continued focus on delivering talent solutions aligned with industry demand, improving workforce readiness, and ensuring policies translate into long-term economic impact. TalentCorp also expressed appreciation to Ling for his contributions during his tenure. Biruntha holds a Master of Business Administration from Victoria University and a Bachelor of Science (Hons) in Computer Science from Coventry University. She brings more than 20 years of experience across the public sector, academia, and industry, with a background in national programme delivery, innovation initiatives, and institutional development. Before this appointment, she held senior roles at PlaTCOM Ventures under MaGIC, Universiti Tenaga Nasional, and British Telecom, where she led initiatives in technology commercialisation, industry-academia collaboration, and innovation across energy, technology, and sustainability sectors. Her track record includes leading national innovation funding programmes and supporting technology commercialisation efforts benefiting hundreds of Malaysian companies, as well as mentoring more than 5,000 entrepreneurs and innovators nationwide.

The Executives

Sunway Appoints Abdul Wahid Omar To Board

Sunway Bhd has appointed Tan Sri Abdul Wahid Omar as an independent and non-executive director, effective immediately, the company said in a Bursa Malaysia filing on Wednesday. The 62-year-old currently serves as chairman of Cypark Resources Bhd and IOI Corp Bhd. He previously held several key positions, including Minister in the Prime Minister’s Department overseeing the Economic Planning Unit (2013–2016), as well as chairman roles at Bursa Malaysia Bhd and Permodalan Nasional Bhd. The appointment comes shortly after Sunway’s unsuccessful takeover bid for IJM Corp Bhd, where its cash-and-share offer closed on April 6 with a 33.43% acceptance rate, below the required majority threshold. Sunway shares ended eight sen or 1.53% higher at RM5.30, valuing the group at RM36.07 billion.

The Executives

Rizal Kamal: Building LOL Asia At The Intersection Of Creativity, Commerce And Culture

1. Looking back, what was the defining decision or moment that set you on this path — and what gave you the conviction to pursue it despite the uncertainties? A sense of adventure—that entrepreneurial itch to bring something new to people. I’ve always been drawn to creating experiences that make people feel something, whether it’s heart-melting or mind-blowing or just plain good. In my younger days, it was a lot of trial and tribulations. Our mindset was simple: do incredible things first and figure things out later, badaboom. Not always the smartest approach, but that’s where a lot of magic came from—and some of those wild ideas became real businesses. We still carry that spirit today, but with more balance. A big part of what we do now is grounded in solid fundamentals and proven models. It’s less about chasing every crazy idea, and more about knowing which ones are worth building. 2. What was the gap or opportunity you identified early on that others may have overlooked — and how did you translate that into a viable business model? Stand-up comedy was huge in the West, but almost non-existent in Asia at the time. So we essentially brought in the “contraband”—starting with small club shows and giving comedians the freedom to say whatever made people laugh. We already knew the potential because we’d seen how big it was in places like the US, UK, and Australia. From there, we built the business step by step—clubs to theatres, and eventually to arenas. 3. In the early stages, what were the toughest realities of building the business that people don’t often see — particularly from an operational or financial standpoint? Working with people was one of the toughest parts—different expectations, temperamental artists, and everyone fighting over a very small pie. At one point, we took the “Jerry Maguire” approach. Instead of trying to work with everyone, we focused on a small group of talents—the ones with the biggest potential and who genuinely believed in what we were building. Financially, it was also a real challenge. The creative industry is seen as high risk, and we didn’t have deep pockets. We were fortunate to have support from MyCreative Ventures, which played a big role in helping us get to where we are today. 4. Your space sits at the intersection of creativity and commerce. How do you balance creative integrity with the need to deliver consistent business performance and profitability? It took us some time to realise this, but the best creative projects are the profitable ones. At the end of the day, we have to produce things that people actually want and will pay for. Projects that only serve the artist tend to become vanity projects. If there’s no real audience demand, it’s very hard to sustain. Profit is the lifeblood of creativity. It gives us the ability to keep going—and more importantly, to fund new ideas. So we focus on projects that can do both: create something that truly move people, and still make strong business sense. 5. You operate in an industry where perception, reputation, and personal branding are closely intertwined. From your perspective, what are the key imperatives of building and managing a strong personal brand today — particularly as a business leader? The biggest shift today is that you can’t get ahead by withholding information anymore. There was a time when people relied on ‘trade secrets’, but that advantage is gone. Knowledge is everywhere now—and people can quickly tell if you’re the real deal or not. We’re also in an era where knowledge and intelligence are commodities. What really makes the difference now is experience and genuine passion. So for me, it starts with being authentic and being willing to share what you know. There’s no real advantage in keeping things to yourself anymore. The advantage now comes from how fast you can learn, apply, and evolve. It becomes a cycle—share what you know, learn from the response, improve, and then share again. Over time, that builds trust, and that trust becomes your brand. 6. Can you share a period where the business faced significant pressure — whether market-driven or internal — and how you navigated that as a leader? Honestly, all the time. There have been multiple moments where the pressure was real. Check this – when the USD jumped from 3.2 to 3.8 in a short span, and later close to 4.8 against the ringgit; when we had to shut down our live performance venue because it simply wasn’t sustainable; during the pandemic, when we had zero shows for almost two years; and more recently, when we took huge hits from K-pop concerts. Those moments test you. But the approach has always been the same—keep moving forward. Learn fast, adapt, and pivot when needed. And most importantly, remind ourselves why we do this – we want to bring joy, make life feel worth living, and create moments that last.. sometimes a lifetime. 7. As a CEO, you’re constantly making decisions with incomplete information. What principles or frameworks guide your decision-making, especially in high-stakes situations? In the early days, it was mostly gut feel—talking to people on the ground and getting advice from those who had already made it. Today, it’s much more data-driven. We look at the numbers, trends, and signals, and then combine that with experience to make informed decisions. Next, we’re moving into a new phase where intelligence—AI and deeper analytics—can tell us what’s likely to work. Our role is deciding whether to act. It’s less about guessing and more about choosing the right bets—but even with all the data, it still comes down to human instinct. The numbers guide; emotion and experience decide. 8. Have there been moments where you questioned the path you chose or considered pivoting entirely? What ultimately anchored your decision to stay the course? Yes, there were multiple moments where it was tough—when business was bad, when we didn’t have the right people, or the right systems

The Executives

Shangri-La Hotels Appoints Lin Diaan Yi As Managing Director

Shangri-La Hotels (M) Bhd has announced the appointment of Lin Diaan Yi as its new managing director, succeeding Christopher Phong Siew San, whose last day will now be Monday, earlier than the previously scheduled May 31 departure. Lin brings extensive experience in strategy and transformation within the hospitality, real estate and retail sectors across Asia, including prior consultancy work with the Shangri-La Group. Her expertise spans portfolio strategy, asset repositioning, capital allocation, financial and operational management, governance, sustainability and organisational transformation. Lin previously spent 22 years at McKinsey & Company (2002–2024), where she rose to senior partner and led the social, public and healthcare sectors across Asia during her final four years. Between 2015 and 2020, Lin served as managing partner for McKinsey Singapore. Throughout her tenure, she worked closely with governments, government-linked companies and sovereign wealth funds to design and implement large-scale transformation programmes, accelerate digitisation and foster economic development. Lin’s portfolio also included advising clients in financial services, telecommunications, infrastructure, logistics, energy and sustainability on strategy, corporate finance and governance. Before McKinsey, Lin began her career in investment banking at Credit Suisse First Boston in New York and London. She currently serves on the boards of the Viva Foundation, The Esplanade, The Straits Trading Company Limited and the Communicable Diseases Agency of Singapore. At Monday’s midday break, shares in Shangri-La were down two sen or 1.2% at RM1.71, valuing the company at RM752.4 million. Over the past one year, the stock has gained 7.5%.

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