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BOARD OF DIRECTORS
Dato’ Ikhwan Salim bin Dato’ Haji Sujak, Independent Non-Executive Chairman
Dato’ Sri Tai Hean Leng @ Tek Hean Leng, Managing Director/Chief Executive Officer
Mr. Lau Yoke Leong, Executive Director/Chief Financial Officer
Mr. Ong Teng Chun, Executive Director
Mr. Ng Wah Lok, Senior Independent Non-Executive Director
Mr. Roy Thean Chong Yew, Independent Non-Executive Director
Encik Muhammad Hanizam bin Hj. Borhan, Independent Non-Executive Director
Ms. Ng Siew Peng, Executive Director
Dato’ Ikhwan Salim bin Dato’ Haji Sujak
Chairman – Independent Non-Executive
Chairman of Remuneration Committee
Dato’ Ikhwan Salim Bin Dato’ Haji Sujak, a Malaysian, male, aged 64, was appointed as Non-Executive Chairman since 22 May 2003 and a Non-Executive Director of Malaysia Steel Works (KL) Bhd (“Masteel”) since 23 July 1998. He was re-designated as an Independent Non-Executive Director on 23 April 2012. He obtained a Bachelor of Science degree in Economics/ Accounting in 1977 from Queen’s University, Belfast, Ireland. He joined Nestle (M) Sdn Bhd as a Finance Executive in 1979. In 1980, he joined Jaya Management Sdn Bhd, a subsidiary of General Corporation Berhad as the Group Finance Planning Manager and upon restructuring his family’s varied business operations in 1981, he was made the Director for the holding company, Jaya Holdings Sdn Bhd. Since 1999, he was appointed as Director of Konsortium Jaringan Selangor Sdn Bhd and was also appointed as an Independent Director as well as Chairman of the audit committee of Glomac Berhad. Subsequently, he was appointed as Independent Director of Kumpulan Perangsang Selangor Berhad in 2001 to 2008. He was also appointed as a Director in Land and General Berhad on 1 December 2007. He was also a committee member of Automobile Association of Malaysia and the British Graduates Association of Malaysia. Dato’ Ikhwan Salim also sits on the Board of several private companies in Malaysia.
Dato Sri Tai Hean Leng @ Tek Hean Leng
Managing Director / Chief Executive Officer
Dato’ Sri Tai Hean Leng, a Malaysian, male, aged 57, was appointed as an Executive Director of Masteel on 25 April 1994. He is also the Managing Director/ Chief Executive Officer of Masteel. He obtained a Bachelor of Science degree in Mechanical Engineering from The University of Southern California in 1987 and a Master’s degree in Finance from the University of Hull, United Kingdom in 1993. He began his practical training in 1987 as a Plant Manager in the manufacturing of Liquefied Petroleum Gas (“LPG”) pressure vessels for the oil and gas industries. He has been involved in the formulation and implementation of Masteel’s corporate strategies including corporate planning, business expansion and operations. He has more than 30 years of business experience in the iron and steel industry. Dato’ Sri Tai also sits on the Board of MS Express Sdn Bhd which is the wholly-owned subsidiary of Masteel. He also sits on the Board of Bio Molecular Industries Sdn Bhd, an associate company of Masteel and several private companies in Malaysia. Dato’ Sri Tai is a member of the board of the Malaysia Steel Institute (“MSI”) and he is the Vice President of the Malaysia Steel Association (“MSA”). He does not hold any directorship in any other public company.
Mr. Lau Yoke Leong
Executive Director / Chief Financial Officer
Lau Yoke Leong, a Malaysian, male, aged 52, was appointed as an Executive Director of Masteel on 16 April 2007. He joined Masteel as an Accountant in July 2000, promoted as Chief Accountant in June 2004 and was appointed as Chief Financial Officer in April 2016. He is a Fellow Chartered Certified Accountant and a member of the Malaysian Institute of Accountants (“MIA”). He has more than 20 years of experience in various fields of accounting, audit, taxation and management matters as well as in-house training instructor on updating of accounting standards and audit software program, corporate restructuring, corporate exercise and due diligence assignments. He started his accounting profession in 1994 as an auditor with Messrs Ong & Wong. He completed the professional qualification from The Association of Chartered Certified Accountants in late 1995. Upon graduation in 1995, he joined another public accounting firm, Messrs T.H.Liew & Gan before moving on to Messrs Deloitte Touche Tohmatsu as an auditor from 1996 to 1999. From 1999 to 2000, he was with Bell Management Services Sdn Bhd before joining Masteel. Mr Lau also sits on the Board of MS Fabricon Sdn Bhd which is the wholly-owned subsidiary of Masteel. He also sits on the Board of Bio Molecular Industries Sdn Bhd, an associate company of Masteel and several private companies in Malaysia. He does not hold any directorship in any other public company.
Mr. Ong Teng Chun
Executive Director
Member of the Risk Management Committee
Ong Teng Chun, a Malaysian, male, aged 53, was appointed as an Executive Director of Masteel on 30 September 2015. He joined Masteel as an Assistant Finance Manager in September 1998 and was subsequently promoted to the position of a Senior Vice President in July 2010. His principal duties include managing the Financial, Treasury and Risk Management of Masteel. He was also en-tasked to spearhead the marketing division of steel bars. He obtained his Bachelor of Business degree majoring in Banking and Finance, in 1991, from Curtin University, Western Australia. Prior to joining Masteel, Mr Ong worked in Malaysian International Merchant Bankers Bhd (“MIMB”), where he was actively engaged in various syndicated fundraising exercises and structuring of project loan facilities. He also sits on the Board of several private companies in Malaysia. He does not hold any directorship in any other public company.
Mr. Ng Wah Lok
Senior Independent Non-Executive Director
Chairman of Risk Management Committee, Members of Audit Committee, Nomination Committee and Remuneration Committee
Ng Wah Lok, a Malaysian, male, aged 60, was appointed as an Independent Non-Executive Director of Masteel on 29 July 2004. He obtained his Bachelor of Engineering degree in 1984 and a Master degree in Engineering Science in 1989 from the University of Malaya. Upon graduation, he worked as a Project Engineer for a research project in the University of Malaya developing a hand pump to eradicate waterborne diseases in rural areas. In 1989, he joined Malaysian Industrial Products Sdn Bhd as a Project Engineer. In 1993, he was appointed as the General Manager of Masteel and was responsible for the upgrading of the rolling mill in Petaling Jaya and managed the expansion of the Bukit Raja plant in Klang. In 1999, he resigned as Senior General Manager and alternate Director of Masteel. He is currently a Director of a private limited company and 4 unlisted public companies in Malaysia, namely Eagle Dialysis Centre Berhad, New Covenant Community Centre Bhd, Full Gospel Tabernacle Bhd and Tung Ling Seminary.
Mr. Roy Thean Chong Yew
Independent Non-Executive Director
Chairman of Audit Committee, Members of Nomination Committee and Remuneration Committee
Roy Thean Chong Yew, a Malaysian, male, aged 49, was appointed as an Independent Non-Executive Director of Masteel on 2 July 2015. He is a member of the Malaysian Institute of Certified Public Accountants (“MICPA”), Malaysian Institute of Accountants (“MIA”) and a Chartered Member of Institute of Internal Auditors of Malaysia (“CMIIA”). He started embarking on his career path in 1994 with PKF Malaysia. After accumulating extensive working experience in his field, he left PKF Malaysia as an Audit Manager in 2003 to join a professional services firm, Russell Bedford Malaysia Business Advisory Sdn. Bhd. (“RBMBA”) for another six (6) years, rising to the position of an Executive Director. In 2009, he left RBMBA to start his own business venture. With over 25 years of working experience in local and international professional services firms, Mr Roy Thean has been involved in rendering a wide and diverse range of professional services to public listed companies and multinational and large national enterprises. His work encompasses a wide range of professional services with his core practice being in corporate finance and advisory work for transaction support services including business valuations, financial due diligence, preparation of business plans and financial modeling, internal control and business risk review, corporate governance, risk management, merger/ acquisition related services, internal and external auditing. Presently, Mr Roy Thean holding directorships in JAG Berhad, a listed company in ACE Market. He is also a Director in an unlisted public company, namely Teladan Setia Group Berhad.
Encik Muhammad Hanizam bin Hj. Borhan
Independent Non-Executive Director
Chairman of Nomination Committee, Members of Audit Committee and Risk Management Committee
Muhammad Hanizam Bin Hj. Borhan, a Malaysian, male, aged 48, was appointed as an Independent Non-Executive Director on 12 November 2007. He is a member of the Malaysian Institute of Accountants (“MIA”). He obtained his Bachelor in Accountancy (Hons) Degree from the Universiti Teknologi MARA (“UiTM”) Shah Alam in 1997. He started his career in an accounting firm Messrs Ali Jaafar & Co, in Kuala Lumpur as an audit assistant between 1996 to 1999 before he moved on to become audit supervisor with Messrs MNZ Associates, a Public Accountants firm between 1999 to 2000. He re-joined Messrs Ali Jaafar & Co in October 2000 as Audit Assistant Manager and was subsequently promoted to become the Audit Manager from 2002 to 2004. He joined Messrs Ismail Adam & Co as Tax Manager from May 2004 to September 2005. Thereafter, he started his own professional firm Messrs My Accounting Services where he is currently offering accounting and business advisory services to a variety of clients. He has more than 22 years of experience in small and medium-sized firms involving in trading, manufacturing, marketing, plantation, construction, property development, quasi government agencies and services industries. In February 2015, he was appointed as a member of Accounting Syllabus Committee for Malaysian Higher School Certificate under the Majlis Peperiksaan Malaysia (MPM) and was responsible to review the accounting syllabus periodically. He does not hold any directorship in any other public company.
Ms. Ng Siew Peng
Executive Director
Ng Siew Peng, a Malaysian, female, aged 42, was appointed as an Executive Director on 23 November 2017. She obtained a Master of Business Administration with specialisation in Finance from the University of Southern Queensland, Australia. She joined Masteel in October 2012 as an Assistant Finance Manager and was subsequently promoted to the position of Corporate Manager in April 2016. Her principal duties are to ensure the integrity of the governance framework, compliance with statutory and regulatory requirements and implements decision made by the Board of Directors. She has more than 17 years of working experience in Corporate Finance and Corporate Governance. Prior to joining Masteel, she worked in Frontken Corporation Berhad, where she worked closely with the Senior Vice President to achieve the Company’s objectives and participate actively in corporate finance related assignments. From 2004 to 2010, she was with Soon Seng Palm Oil Mill Sdn Bhd to assist the Group Director on implementation and coordination of new overseas investment plan. She also sits on the Board of a private company. She does not hold any directorship in any other public company.
