Jaya Holdings appoints new CFOCompany News // November 28, 2012
Jaya Holdings Ltd has appointed Chong Chow Pin as Chief Financial Officer Designate.
Mr Chong will report directly to the Chief Executive Officer and be responsible for financial, treasury and all corporate services. He succeeds Ms Thai Kum Foon, who will step down on 31 December 2012 from the position to pursue personal interests.
Sheshashayee Venkatraman, Chief Executive Officer of Jaya Holdings, said: “We would like to thank Kum Foon for her great contributions to Jaya Holdings, in particular her dedication and effort in the past two years, a period of significant change for the Group. She leaves us in a much stronger financial position than we have been for some time. We wish her all the best in her future endeavours.”
Welcoming Mr Chong, Mr Sheshashayee added: “I am delighted to announce the appointment of Chow Pin as our new Chief Financial Officer. He brings with him a wealth of corporate and financial experience which he will apply to great effect with Jaya. I look forward to working closely with him.”
Together with the senior staff members in the finance team, Mr Chong will manage relations with shareholders, bankers and regulators. Additionally, he will provide advisory and analysis services to the Executive Committee and to the Board of Directors.
Prior to joining Jaya, he was Vice President at United Test Assembly Center Ltd, overseeing the Group’s treasury activities including cash management, financial risk management and taxation. He led and executed corporate development activities including M&As, joint ventures and strategic alliances, as well as managing relationship with creditors and rating agencies. His extensive experience in developing new businesses and partnerships is in line with Jaya’s new business development model.
Mr Chong was a scholar of Singapore’s Economic Development Board (EDB) and holds a Bachelor of Science degree majoring in Electrical Engineering (Honors) from the University of Illinois of Urbana-Champaign (US).