Robert Kuok grandson takes helm at PPB

Kuala Lumpur: PPB Group Bhd has appointed Kuok Meng Xiong, grandson of the Kuok Group founder and a prominent Malaysian businessman, as its new group managing director, effective September 1. Jeremy Goon has also been named executive director and will collaborate closely with Kuok and the leadership to propel the conglomerate's businesses and support its long-term growth strategy.

Kuok brings extensive experience in business development, operations, and investments. He serves as the managing director of Kuok Brothers Sdn Bhd, an alternate director on the board of Kuok (Singapore) Ltd, and the founder and managing director of Singapore-based venture capital firm K3 Ventures. The Kuok family holds a significant position in the regional business landscape, with interests in food and agribusiness, property, hospitality, logistics, and investments. They are involved in ventures such as Shangri-La Asia, Kerry Properties, and Wilmar International.

In a statement, Kuok expressed his commitment to building upon the group's strengths, working closely with employees, and continually creating sustainable long-term value for stakeholders. He succeeded Lim Soon Huat, who retired as group managing director and from the board after nearly two decades with the company. Lim will continue to provide advisory services to the board.