Datuk Goh Chye Koon will step down as chairman of Sunway Construction Group Bhd after more than a decade in the role, with Datuk Kwan Foh Kwai appointed as his successor.
In a Bursa Malaysia filing, the construction group said Goh, 76, has retired by rotation and will not seek re-election. His retirement took effect at the conclusion of the company’s annual general meeting held on Friday.
Goh has served as chairman since 2014, and the group expressed appreciation for his contributions during his tenure.
In the same filing, Sunway Construction announced the redesignation of Kwan as its new independent non-executive chairman.
Kwan, 74, previously served as Sunway Construction’s senior managing director from 2014 until his retirement in December 2015. He rejoined the board as an independent director in October 2024.
The company said Kwan brings more than 40 years of experience in the construction industry, spanning both public and private sectors.
He began his career in 1977 as a contract engineer with the Public Works Department before moving into senior roles across several construction firms, including Promet Construction Sdn Bhd, Alam Baru Sdn Bhd, and Taisei (Malaysia) Sdn Bhd.
He later joined Sungei Way Construction Bhd in 1996 and was appointed managing director of Sunway Construction in 2001.
Kwan also serves as independent non-executive chairman of Luxchem Corp Bhd.
Sunway Construction shares closed one sen lower at RM7.49, valuing the group at RM9.96 billion.
