CJ Century Logistics Holdings Bhd announced that its long-serving chief executive officer Steven Teow Choo Hing has stepped down from his role on Feb 28, 2026, after nearly three decades with the company.
Teow, 66, had been a key figure in the group’s leadership since joining the board on July 28, 1997, when the company was still known as Century Logistics Holdings Bhd, according to its latest annual report. Over the years, he played a central role in steering the company’s development and expansion in Malaysia’s logistics and supply chain sector.
The company said Teow stepped down to pursue personal interests following a long tenure with the group.
Taking over the role is Melissa Khoo Lay Geok, who officially assumed the position of chief executive officer on March 1, 2026, according to a filing with Bursa Malaysia. Khoo brings with her more than 30 years of experience in logistics and supply chain management across the Asia-Pacific region, positioning her to lead the company in its next phase of growth.
The company did not disclose the reason for the timing of the announcement regarding the leadership transition.
In recent months, Teow had also reduced his shareholding in the company. On Dec 31, 2025, he sold 44.87 million shares, equivalent to a 7.71% stake, bringing his holdings below the threshold required to be considered a substantial shareholder.
Subsequently, on Jan 19, 2026, he disposed of another five million shares, leaving him with a remaining 0.144% stake in the company. The shares were sold at 56.4 sen per share to CJ Logistics Asia Pte Ltd, which raised the South Korean logistics group’s stake in CJ Century Logistics from 55.09% to 62.8%.
The increased stake further strengthens the position of CJ Logistics, part of South Korea’s CJ Group, as the controlling shareholder of the Malaysian logistics firm.
Shares of CJ Century Logistics closed unchanged at 16 sen on Monday, giving the company a market capitalisation of approximately RM93.1 million. The stock has gained 3.23% year-to-date.
