Mr Phoon Soon Keong (“Mr Phoon”), a Malaysian, aged 64, was appointed as a Director on 15 August 2017 and was subsequently appointed Chairman of the Company on 1 January 2018.
Mr Phoon is a qualified Certified Public Accountant, Malaysia (“CPA”) and is a member of the Malaysian Institute of Accountants. He started his career with Price Waterhouse [currently known as PricewaterhouseCoopers ("PwC")] as an articled student in 1975 and obtained his CPA qualification in 1979. He left PwC to start his own practice in 1980 and was a partner in P.C Chan & Partners from 1981 to 1986. He re-joined PwC Audit Practice as a Senior Manager in December 1986 and was Executive Director in the Firm from 1994 to 2010. During his tenure in PwC, he was the Director-in-charge of the Valuation & Strategy Practice of PricewaterhouseCoopers Consulting Sdn Bhd.
He has extensive experience in audit, business recovery, turnaround management, corporate and debt restructuring, corporate finance, mergers and acquisitions and share valuations. The industries which he has consulted include insurance, newspaper publishing, manufacturing, plantations, oil & gas, construction and property development and utilities.
He was the Acting Chief Executive Officer of PanGlobal Insurance Berhad from January 2007 to April 2009. He was appointed as the Appointed Person of Tahan Insurance (Malaysia) Berhad (“Tahan”) by Bank Negara Malaysia (“BNM”) under Section 59(4)(a) of the Insurance Act 1996 to assume control of the whole of Tahan’s property, business and affairs and to carry on the whole of its business and affairs on behalf of BNM from May 2009 to December 2010.
He was a Director of Assunta Hospital from 2005 to 2012 and was the Chairman of the Assunta Board from June 2011 to December 2012 and the Board of Governors of Pusat Kebajikan Good Shepherd from March 2008 to March 2019. Currently, he is a Director of Good Shepherd Services and Assisi Palliative Care Berhad, two charitable organisations.
He is also an Independent Non-Executive Director of AmMetLife Insurance Berhad.