IJM strengthens executive leadership to support growth strategy

PETALING JAYA, 23 June 2022 - IJM Corporation Berhad ("IJM" or "the Group") is pleased to announce today the appointments of Datuk Wong Tuck Wai as Chief Executive Officer of IJM Land Berhad, effective 1 July 2022; and Mr. Vino Kumar Selvabalakrishnan as Chief Executive Officer of Kuantan Port Consortium Sdn Bhd effective 27 June 2022.

IJM strengthens management bench to support growth strategy

These two key external appointments are the result of a rigorous and extensive search process.

"We have challenged our status quo by bringing in external talents for senior management positions. The lens that we adopted in evaluating the candidates focused on the Group's strategic priorities and the key characteristics required to achieve them," said Mr. Liew Hau Seng, Group CEO & Managing Director of IJM Corporation Berhad.

"Datuk Wong and Vino will further add fresh perspectives to their businesses, pursuing a clear vision for change and value creation in the markets we serve. Both the seasoned industry veterans' vast experience and impressive track records will be essential as the Group charts its course through this period of fast structural, regulatory and society change, with the many opportunities and challenges that this will bring."

Commenting on Datuk Wong's appointment, Mr. Liew said: "Datuk Wong's years of honed experience in the property sector make him well placed to steer IJM Land in a new growth phase, focusing on raising the bar with quality and innovative offerings as well as sharpening product differentiation; and building brand equity by harnessing the synergies that exist within the Property Division."

Datuk Wong will succeed Dato' Edward Chong, who was appointed Chief Financial Officer (CFO) of the Group in 2020 and has been double-hatting as Managing Director of IJM Land.

"We would like to thank Dato' Edward Chong for his stewardship and continuing commitment to the Group. While Dato' Edward will now focus on his role as CFO, Datuk Wong will be taking over the company in good competitive shape, with a dedicated and professional management team," said Mr. Liew.

Commenting on Vino's appointment, Mr. Liew said: "His appointment comes at an exciting time as Kuantan Port strengthens its capacity to meet high growth demands and to take advantage of trade opportunities in the coming years. We are anxious to see Kuantan Port deliver on its vision to be a premier port and logistics hub under Vino's leadership."

"We are thrilled to welcome Datuk Wong and Vino to the Group and we look forward to benefiting from their new vantage points, insights and leadership. Together with IJM's strong leadership team, these appointments mark a new chapter as we position the Group for its next phase of growth."

Datuk Wong Tuck Wai, Chief Executive Officer, IJM Land Berhad

Datuk Wong is a highly respected industry veteran with a distinguished career spanning 45 years in property development. He most recently served as Deputy President and Chief Operating Officer of S P Setia Berhad from 2016 to 2021.

During his career with the Setia Group, Datuk Wong had led the development of high-profile property in all asset classes - from civil engineering, public housing, government, residential to high-end residential, mixed-use and commercial development projects. Most notably, he helmed the GBP8 billion redevelopment of the iconic Battersea Power Station in London as the Chairman of Battersea Power Station Development Company.

Mr. Vino Kumar Selvabalakrishnan, Chief Executive Officer, Kuantan Port Consortium Sdn Bhd

Mr. Vino Kumar brings more than 30 years of diverse international experience as well as a deep understanding of global marine and logistics operations to this role.

Vino has a wealth of experience in improving the service quality, productivity and efficiency of international marine and vessel operations. He held senior management positions with CMA CGM SA, a leading worldwide shipping and logistics group in France and USA and GB Group Haiti, as the CEO of Port Lafito, Haiti's largest and deepest multipurpose port. He also worked in Asia with shipping lines such as Norasia -CSAV Group, Hong Kong, and as a senior deck officer with APL- NOL Group, Singapore. Most recently, he was with a leading commercial diving company, Subsea Global Solutions LLC, USA. Vino was also involved in several successful consultancies and turnkey logistic and port projects in North and South America, the Black Sea, and the Mediterranean. Vino holds a Master of Science in Maritime Business Management from the Massachusetts Maritime Academy, a bachelor's degree in Applied Science from the Australian Maritime College, and Diploma in Nautical Studies from Singapore Polytechnic.

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About IJM Corporation Berhad

IJM Corporation Berhad ("IJM"), formed in 1983, is today one of Malaysia's leading construction groups and is listed on Bursa Malaysia. Its business activities encompass construction, property development, manufacturing and quarrying, infrastructure concessions and plantations.

Headquartered in Selangor, its operations are located in seven countries, with primary focus in Malaysia, and India. The Group presently has a market capitalisation of around RM6.4 billion and as of March 2022, the Group employed around 3,000 employees and had total assets of RM21.0 billion.

The Group's belief in a shared destiny with its employees remains pivotal to its growing success while its reputation for professionalism, performance and good governance is acknowledged by customers and investors alike from its numerous corporate and industry accolades. IJM is committed to ethical business conduct and subscribes to the principles of good corporate citizenship for sustainable growth and development.

For more information, visit www.ijm.com

For media enquiries, please contact:

Mandy Chen, Corporate Communications, at [email protected]or + 60 12 607 6121

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