Thursday, February 23, 2012

Malaysian Vincent Tan quits as Berjaya chairman

Berjaya Corp said founder Vincent Tan has quit as chairman of the Malaysian gaming, property and insurance group as he seeks to retire from an active corporate role in the company.

Tan, who turned 60 today, remains committed as the company’s controlling shareholder and wants to focus on promoting more charitable and social programs, Berjaya said in a statement in Kuala Lumpur today. His eldest son, Robin Tan, will assume the chairmanship position until the board identifies a replacement, it said.

He founded the Berjaya Group in 1984, according to the statement. -- Bloomberg

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