pictured) will retire on Sept 30, 2021 under the property developer’s leadership transition and succession plan. In statements to Bursa Malaysia today, S P Setia announced Datuk Choong Kai Wai’s appointment as president and CEO effective Oct 1, 2021. "This decision by the board was made following a succession plan which is part of the company’s leadership talent agenda, implemented based on the robust leadership discussions within the company. "The succession plan is positioned to sustain the leadership position of S P Setia as the leading property developer in Malaysia,” S P Setia said. According to the company, Khor, who was appointed the acting CEO on Jan 1, 2015, had subsequently taken on the CEO position on April 1, 2016 with a clear mandate to reposition S P Setia in a market leadership position.