WCT appoints Lai Cheng Yee group MD, Lee redesignated executive vice-chairman
WCT Holdings Bhd has appointed Lai Cheng Yee as group managing director, replacing Datuk Lee Tuck Fook who becomes executive vice-chairman. The changes take effect from Nov 13, alongside the resignation of deputy managing director Datuk Chow Ying Choon as part of a strategic reorganisation.
PETALING JAYA (Nov 13) — WCT Holdings Bhd has appointed Lai Cheng Yee as group managing director, succeeding Datuk Lee Tuck Fook, who has been redesignated as executive vice-chairman. Both changes take effect on Friday (Nov 13), according to separate Bursa Malaysia filings on the same day.
The group also announced the resignation of deputy managing director Datuk Chow Ying Choon, 71, effective the same day, as part of what it described as a “strategic reorganisation of duties and responsibilities”. Chow’s resignation filing stated that he had no disagreement with the board and that there were no matters requiring shareholders’ attention.
Lai, 52, joined WCT in August 2018 as director of the executive chairman’s office, assisting the executive chairman across the group’s businesses. She has headed its hospitality, aviation and food and beverage divisions since June 2024. Her responsibilities also include concession-related projects and oversight of the engineering and construction and property development divisions.
She brings more than 20 years of professional experience with companies including B.I.G. Industries Bhd, Pavilion Group, Diethelm Malaysia, Procter & Gamble and F&N Malaysia. Lai holds a master’s degree in economics from Universiti Malaya and is an associate member of the Chartered Governance Institute of Malaysia.
She has also served on the board of Tourism Malaysia since September 2023 and is a non-independent non-executive director of Paradigm REIT Management Sdn Bhd, the manager of Paradigm REIT. Her disclosed shareholding in WCT is 13,527 ordinary shares.
Lee, 72, began his career at KPMG in 1974, becoming a partner in 1985 before leaving in 1990. He subsequently held senior management and board positions at Samling Group, Renong Overseas Corporation, Peremba-Kentz Ltd, Cement Industries of Malaysia Bhd, Paracorp Bhd and Malton Bhd. He also chaired Pesona Metro Holdings Bhd from 2012 to 2024. He is also a non-independent executive director of Pavilion REIT Management Sdn Bhd, the manager of Pavilion REIT, and a director of WCT Bhd, Pavilion REIT Bond Capital Bhd and Pavilion REIT Capital Bhd.
