Genting’s Lim Kok Thay to step down as CEO, Tan Kong Han to take over
He will remain as executive chairman of its board of directors
[KUALA LUMPUR] Lim Kok Thay will step down as chief executive officer of Malaysia’s Genting after nearly two decades at the helm, the company said on Thursday (Feb 27).
Tan Kong Han, currently president, chief operating officer and executive director, will take over as CEO, effective Mar 1, 2025. He will continue to serve as president and executive director – a position he has held since 2020.
As part of the transition, Tan has stepped down as CEO of Genting Plantations to focus on his expanded responsibilities at Genting, leading and overseeing the day-to-day operations of the group. He remains as executive director of Genting Plantations.
Lim, 73 – the son of the Genting Group founder Lim Goh Tong – will remain as executive chairman of the group’s board of directors.
Under his leadership of nearly two decades, Genting has expanded from its Malaysian roots into global operations across leisure and hospitality, oil palm plantations, power generation, oil and gas and property development. The group has also invested in life sciences and biotechnology.
The transition will enable him to focus on his duty as the executive chairman of the board and other duties within the Genting Group, he said in a statement.
Tan joined Genting in 2007 as president and chief operating officer and became a director in 2020. His appointment as the CEO is part of the company’s multi-year succession plan, it said.
Lim, who was born in 1951, joined Genting in 1976 as a director and became chairman and CEO in 2004, following his father’s retirement in December 2003.
He holds a civil engineering degree from the University of London and attended Harvard Business School’s programme for management development.
He is known for developing brands such as Resorts World, and establishing partnerships with Universal Studios and Hard Rock Hotel.
