IJM names Lee Teck Yuen chairman as Krishnan Tan retires
IJM Corp Bhd named industry veteran Datuk Lee Teck Yuen as chairman effective Aug 27, replacing the retiring Tan Sri Krishnan Tan after a planned leadership transition.
Source: EdgeProp Malaysia · August 26, 2026 at 12:31 PM · AI-assisted report
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KUALA LUMPUR, 26 AUGUST 2026 —
KUALA LUMPUR (Aug 26): IJM Corp Bhd (KL:IJM) has appointed industry veteran Datuk Lee Teck Yuen as chairman of the construction and infrastructure giant, effective Aug 27.
Market Impact
Lee, 69, has been on IJM’s board since May 2007, serving as senior non-executive director from 2012 to 2022. He succeeds Tan Sri Krishnan Tan, who retired from the board as part of a long-planned leadership transition.
“His appointment provides continuity in board leadership as IJM continues to execute its strategic priorities and build on the strong foundations established over the years,” IJM said in a statement.
A civil engineer by training, Lee brings over 40 years of experience in Malaysia’s property sector, both locally and internationally, according to IJM’s annual report. He also serves on the boards of subsidiaries IJM Land Bhd and Road Builder (M) Holdings Bhd.
Tan, 73, had previously announced that his current term would be his final one, declining re-election at the upcoming annual general meeting on Aug 27. The company acknowledged his contributions since he joined the board on Aug 29, 2019, as chairman.
Tan’s tenure included a period marked by Sunway Bhd’s (KL:SUNWAY) attempted takeover of IJM in January 2026. The conditional voluntary offer failed after Sunway did not secure acceptances for more than 50% of IJM’s shares. Both Tan and IJM were later cleared of all corruption allegations related to the exercise.
The leadership transition comes as IJM continues to navigate market challenges in Malaysia’s construction and infrastructure sectors. The company’s recent performance reflects broader industry trends, including fluctuating demand and regulatory shifts.
For investors, Lee’s appointment signals stability, given his deep institutional knowledge and long-standing role within IJM. His experience in property development and infrastructure aligns with the company’s core business segments, which include construction, property development, and road concessions.
Looking ahead, IJM’s strategic priorities under Lee’s leadership remain focused on executing existing projects while exploring new growth opportunities. The company’s subsidiaries, such as IJM Land and Road Builder (M) Holdings, are expected to play key roles in this strategy.
Analysts suggest that the leadership change could reinforce investor confidence, particularly in light of past controversies. However, the broader market conditions—including economic uncertainty and competition—will continue to shape IJM’s performance in the coming quarters.
Related: IJM Corp Bhd · Kuala Lumpur