IJM Corporation Bhd has appointed Datuk Johan Idris as its new independent non-executive chairman, effective Monday. He replaces Tan Sri Krishnan Tan, who has retired after serving as the group’s long-time chairman.
Johan, who previously served as managing partner and country senior partner of KPMG Malaysia, brings more than 34 years of experience in finance, auditing and strategic advisory.
Before his appointment, Datuk Lee Teck Yuen served as interim chairman from IJM’s annual general meeting on Aug 27 while the company finalised its leadership succession plan. He has now returned to his role as a non-independent non-executive director.
In a statement, Johan said he was honoured to join IJM and looked forward to working with the board and management to strengthen corporate governance and create long-term value for stakeholders.
IJM group chief executive officer and managing director Datuk Lee Chun Fai said Johan’s experience in corporate leadership, governance and financial management would bring valuable insights to the board. He also thanked Teck Yuen for leading the company during the transition.
Johan held several senior positions at KPMG Malaysia, including managing partner and country senior partner from 2014 to 2024, as well as head of audit from 2011 to 2013.
He has also served on the KPMG Global Council and ASPAC Board, and was a member of Bank Negara Malaysia’s Financial Stability Executive Committee from 2016 to 2018. He previously served as president of the Malaysian Institute of Accountants from 2013 to 2015.
His current positions include chairman of Universiti Kebangsaan Malaysia, independent non-executive chairman of Maxis Bhd, and independent non-executive director of KLCC Stapled Group. He also serves on the board and chairs the audit committee of the Securities Commission Malaysia’s Capital Market Compensation Fund Corporation.
IJM shares closed at RM2.73 on Monday, down eight sen or 2.85%, giving the company a market value of approximately RM10 billion.
