Robert Kuok's eldest son passes Shangri-La Asia chairman post to sister
HOTEL group Shangri-La Asia on Monday said that its current chairman and chief executive officer Kuok Khoon Chen will relinquish both positions, and have his sister, Kuok Hui Kwong, become chairman from the start of 2017.
Both Kuoks are the children of Asia's sugar king Robert Kuok. Mr Kuok Khoon Chen, also known as Beau, is the eldest son of Mr Robert Kuok at age 62. Ms Kuok is aged 38.
The former CEO of CapitaLand Mall Asia Lim Beng Chee has become CEO of Shangri-La Asia. Mr Lim was last providing short-term consultancy services to the group through his company WIND Group Pte Limited.
Mr Kuok will be re-designated as a non-executive director on the board.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Philips pays US$1.1 billion in US settlement over ventilator recall
Tesla clears key regulatory hurdles for self-driving in China during Musk’s visit
Hot stock: Seatrium up 5.6% on S$100 million share buyback programme
Norway sovereign wealth fund backs HSBC bonus policy reform
Shell earns US$1 billion a year from US crude trading, court filing shows
Sembcorp announces long-term power purchase agreements with Equinix