­ KYM Holdings Bhd (KYM,) announced that Darren Lee will be appointed as the new CEO of KYM effective from 1 July 2023. He shall succeed Lim Tze Thean who shall step down as CEO on 1 July 2023. This is in line with Malaysian Code of Corporate Governance 2021 where Chairman and CEO should be held by different individuals.

Darren Lee joined the KYM Group as a Non-Independent Non-Executive Director in November 2014 and was appointed as Deputy CEO and re-designated as Executive Director on 1 June 2022. He will begin as CEO of KYM on 1 July 2023 leading the Executive Team focusing on value creation via M&A. Darren Lee who is also a fellow member of ACCA has spent the last 20 years in finance and corporate work focusing on restructuring, M&A, privatizations as well as regional new business development. He has experience in the automotive, electronics and packaging industry in Malaysia as well as regionally.

Being a member of the Audit & Risk Management Committee prior to his appointment as Deputy CEO, Darren Lee oversaw the financial reporting, related internal controls and implementation of risk management processes. He actively participated both as a non-Executive Director and Executive Director in formulating and executing KYM current corporate strategy and policy. Lim Tze Thean steps down as CEO of KYM after 11 years in the role.

He continues serving in the position of Executive Chairman of KYM to ensure continuity and advise the Executive Team.