The Automotive leather upholstery maker has made the announcement on the appointment of Mr. Foo Ken Nee as Chief Executive Officer (CEO) effective today.
Pecca said in a filing with Bursa Malaysia, that Foo has over 20 years of experience in several key industries namely pharmaceutical and consumer healthcare, audit and corporate advisory, manufacturing and supply chain distribution.
Prior to this, Foo was the Executive Director of Tropicana Corporation Berhad’s subsidiary company, Tropicana Golf & Country Resort Berhad and was responsible for new business development, strategic operations and financial management involving multiple industry sectors.
Foo was serving as Pecca’s Chief Financial Officer from January 2019 to May 2021 before joining Tropicana. He has also previously held senior leadership positions in several multinational corporations such as Pfizer, Zoetis, Zuellig Pharma and PricewaterhouseCoopers.
“His appointment reflects our commitment to drive strategic growth and expansion opportunities for the Group, as well as maintain our position as the largest automotive leather upholstery player in Malaysia. Foo brings with him invaluable market insights and deep experience in many industries to Pecca. Therefore, we are confident that under his leadership, our business will emerge stronger and attain even greater success in the coming years,” Pecca Group Managing Director Datuk Kelvin Teoh Hwa Cheng said.
“I am honoured to have the opportunity to lead this exceptional company. My first mission here is to revive the expansion plan by Pecca which was halted due to the pandemic, which involves the purchase of a piece of industrial land in Serendah to build and construct a second manufacturing facility for the Group’s operations. I will also be on the lookout for new business opportunities that can bolster the prospects of the current automotive business, particularly in aviation, overseas exports and the local retail market (replacement of leather seats),” said Newly-appointed CEO Mr. Foo Ken Nee.
To recap, Pecca has also appointed Ms. Yeo Bee Hwan as its new Chief Financial Officer (CFO) on 18 April 2022. She has 28 years of vast experience in corporate, operations, manufacturing, financial management, risk management, treasury and funding management, audit and tax planning through engagement in the conglomerate, multinationals and public listed groups across diverse industries.
The group is principally involved in the styling, manufacturing and installation of leather upholstery for seat covers for the automotive and aviation industries , with a market capitalization of approximately RM545 million.
It is the largest automotive leather upholstery player in Malaysia’s original equipment manufacturer (OEM) and pre-delivery inspection (PDI) passenger vehicle segments, and it also serves export markets such as Singapore, the US, the Netherlands, Australia, New Zealand, UK, Ireland and China.
On top of that, Pecca is also involved in the manufacturing of healthcare products through its subsidiary.
