Kuala Lumpur Kepong Bhd (KLK), a leading name in Malaysia’s agribusiness and manufacturing sectors, is setting the stage for its future with a strategic update to its executive leadership team. The company has announced the redesignation of Tan Sri Lee Oi Hian from Chief Executive Officer to Executive Chairman, following the esteemed retirement of Tun Raja Muhammad Alias Raja Muhammad Ali. This move comes after Raja Muhammad Alias’s commendable tenure as the Non-Executive Chairman since May 1, 2008, during which he played a pivotal role in steering the company through periods of significant growth and challenges.
Tan Sri Lee Oi Hian, who also presides over KLK’s controlling entity, Batu Kawan Bhd, as Chairman, is set to leverage his extensive experience and deep understanding of the company to guide KLK through the evolving landscapes of global markets and sustainability practices. The Lee family, with a substantial stake in Batu Kawan, which owns 47.16% of KLK, is deeply invested in the conglomerate’s continued success and innovation.
Expressing gratitude for the outgoing chairman’s dedication, KLK’s board highlighted the profound impact of Raja Muhammad Alias’s leadership over the years. “For more than 45 years, Raja Muhammad Alias’s wisdom and leadership have been instrumental in KLK’s journey, particularly during his 15 years as our chairman. His contributions have been invaluable, and his legacy will continue to inspire us,” remarked Tan Sri Lee Oi Hian.
Tan Sri Lee’s affiliation with KLK dates back to 1974, embarking on a path that saw him join the board in 1985 and later serve as both Chairman and CEO from 1993. Although he passed the chairman’s baton to Raja Muhammad Alias in 2008, Lee has remained a key figure in KLK’s strategic direction as an Executive Director and CEO.
With this leadership transition, Kuala Lumpur Kepong Bhd is embracing a new era of potential and promise. Under Tan Sri Lee Oi Hian’s guidance, the company is poised to navigate future challenges and opportunities with a focus on sustainability, innovation, and global market expansion.
