IJM credits Krishnan Tan for his leadership, says retirement long planned, strategy unchanged
IJM Corp Bhd has announced the retirement of chairman Tan Sri Krishnan Tan, noting that the transition was long-planned and will not affect the company's strategic direction. Tan served the company for 42 years in various leadership capacities.
Why it matters
Leadership transitions in major infrastructure firms are key indicators of corporate stability and future growth trajectories in the Malaysian market.
BURSA SGX Home Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (July 29): IJM Corp Bhd (KL: IJM ) said the retirement of chairman Tan Sri Krishnan Tan had been long in the works at the construction-and-infrastructure company.
The decision was long planned and follows Tan's earlier indication that his current term on the board would be his last, IJM said in a statement on Wednesday after he declined to seek re-election at the upcoming annual general meeting. The company also thanked him for his long service.
“Throughout his tenure, Tan played an instrumental role in IJM's formation and growth, serving in successive leadership positions as the group evolved into one of Malaysia's leading diversified construction and infrastructure groups,” the company said.
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