24 September 2024
Anglo-Eastern Plantations
Plc
(The "Group" or
"AEP")
Directorate and Management
Change
Appointment of Executive Director
(Corporate Affairs) and Group Chief Executive
Officer
Anglo-Eastern Plantations Plc, which owns,
operates and develops plantations in Indonesia and Malaysia, is
pleased to announce the following changes to the Board and
management team, effective 1 October 2024.
1. Marcus Chan
Jau Chwen appointed as Executive Director (Corporate
Affairs)
Mr. Marcus Chan, currently a Non-Independent
Non-Executive Director of the Group since 2022, has been appointed
as Executive Director (Corporate Affairs), effective 1 October
2024.
In this role, Mr. Chan will oversee the Group's
business transformation and lead its Environmental, Social, and
Governance (ESG) initiatives. He will also continue to be
responsible for corporate governance and stakeholder engagement,
playing a key role in influencing the Group's strategic
direction.
Mr. Chan will succeed Dato' John Lim Ewe Chuan,
who will retire on 31 December 2024 after many years of dedicated
service to the Group.
Mr. Chan holds a Bachelor of Commerce from the
University of Melbourne and an MBA from the China Europe
International Business School (CEIBS). With a background in audit,
corporate advisory, and extensive experience in family and
associated businesses, Mr. Chan has been pivotal in enhancing
governance frameworks and contributing to business development
strategies as a member of the Group's Nomination & Corporate
Governance Committee.
2. Kevin Wong
Tack Wee promoted to Group Chief Executive
Officer
The Board is pleased to announce the promotion
of Mr. Kevin Wong Tack Wee to Group Chief Executive Officer,
effective 1 October 2024. Mr. Wong joined the Group as Deputy Group
Chief Operating Officer in January 2024, where he has driven
operational excellence across the business.
Mr. Wong brings extensive experience in
plantation management and finance, having previously held senior
leadership positions at Acapalm Plantation Services as Managing
Director and IOI Corporation as Group Chief Financial
Officer.
His leadership across various businesses in the
region focused on driving strategic growth, efficient operations,
and providing financial guidance, positioning him well to steer the
Group into its next stage of development
The Board congratulates both Mr. Chan and Mr.
Wong on their new appointments and looks forward to their continued
contributions to the success and growth of Anglo-Eastern
Plantations.
Board Committees effective 1 October
2024
Following the above changes, the Board will be
comprised of:
Jonathan Law Ngee Song, Non-Executive
Chairman
Dato' John Lim Ewe Chuan, Executive
Director
Marcus Chan Jau Chwen, Executive Director
(Corporate Affairs)
Michael Henry Stainer, Independent
Non-Executive Director
Farah Suhanah Tun Ahmad Sarji, Independent
Non-Executive Director
The directors are part of the committees
below:
Audit Committee:
Michael Henry Stainer (Chair)
Farah Suhanah Tun Ahmad Sarji
(member)
Remuneration Committee:
Farah Suhanah Tun Ahmad Sarji
(Chair)
Michael Henry Stainer (member)
Nomination and Corporate Governance
Committee:
Farah Suhanah Tun Ahmad Sarji
(Chair)
Michael Henry Stainer (member)
Marcus Chan Jau Chwen (member)
ESG Committee:
Marcus Chan Jau Chwen (Chair)
Farah Suhanah Tun Ahmad Sarji
(member)
Executive Committee
Jonathan Law Ngee Song (Chair)
Dato' John Lim Ewe Chuan (member)
Marcus Chan Jau Chwen (member)
There are no disclosures to be made in
accordance with UKLR 6.4.8R of the UK Listing Rules in relation to
the above appointments.
For further information, please
contact:
Anglo-Eastern
Plantations
Plc
+44 (0)20 7216 4621
Dato' John Lim Ewe Chuan
Executive Director
Marcus Chan Jau
Chwen
Executive Director (Corporate Affairs)
Kevin Wong Tack
Wee
Group Chief Executive Officer
Panmure
Liberum
+44 (0)20 3100 2000
Amrit Mahbubani
Freddie Wooding