SP Group chairman Hassan Marican to retire; Leong Wai Leng takes over

SP GROUP announced on Wednesday (Dec 28) that its chairman Hassan Marican will be retiring on Jan 1, 2023.

He will be succeeded by Leong Wai Leng, who is currently the deputy chairman of the board.

Marican has been a director of SP’s board since February 2011 and chairman since June 2012.

Under his leadership, the company expanded its services beyond essential utilities to a “full suite of sustainable energy solutions” for customers in Singapore, China, Vietnam and Thailand.

Marican has also helped expand SP’s philanthropy and community outreach efforts, from programmes for seniors to initiatives that benefit youth from vulnerable backgrounds, said the utilities group.

His successor, Leong, hails from a background of experience in both private and public sectors. She joined the board in April last year.

Leong is the chief financial officer (CFO) of Temasek Holdings and Temasek International, and head of Singapore projects at Temasek International.

From Jan 1, she will also take on the role of president of Singapore market at Temasek International and relinquish her position as CFO of both Temasek groups.

Prior to joining Temasek, Leong held senior leadership positions in public listed companies in the engineering, industrial, hospitality and real estate sectors. 

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Marican said it has been a privilege to serve on the board of SP Group for close to 12 years.

“I salute the employees of the company who provide essential and sustainable services to households and businesses, and have been unwavering in their duties especially in the last three years of challenges and uncertainty,” he added.

“I am confident that under Wai Leng’s stewardship as chairman, SP will thrive and scale new heights in business and service excellence.”

Earlier this month, Berita Harian reported that Marican, who was formerly Petronas president and chief executive, was leading a team to advise the Malaysian Ministry of Finance on ways to restore the economy.

The appointment was announced by Malaysian Prime Minister Anwar Ibrahim on Dec 2, according to the paper.