Puan to take over as CEO of P1 which was recently acquired by TM
Also remains as non-independent, non-executive director at Green Packet
GREEN Packet Bhd has announced that Tan Kay Yen (pic), aka Kay Tan, has been appointed its chief executive officer, taking over from long-time CEO and founder Puan Chan Cheong (CC Puan).
Puan is relinquishing his active positions from the Group to lead Packet One Networks (Malaysia) Sdn Bhd (P1), which was recently acquired by Telekom Malaysia Bhd, as its chief executive officer and managing director.
He will retain a role at Green Packet as a non-independent, non-executive director, according to a statement by the company.
“Kay [Tan] has been overseeing the day-to-day operations for the key business divisions of Green Packet, namely the Solutions and Communications pillar, together with corporate development, strategic planning and finance functions, since joining us,” said Puan.
“His consistent track record and strong capability to deliver strategies will be extremely valuable as Green Packet continues to grow around the world,” he added.
Tan started his career with the Arab Malaysian Group in the financial sector, and later joined the IBI group of companies in 1996, holding a range of leadership positions before joining Green Packet as director of corporate development in 2005.
He was promoted to group chief operating officer in 2006 and doubled as acting group chief financial officer in 2013.
“We have put Kay [Tan] in the driver’s seat since CC Puan took over full time at P1 back in 2013,” said Green Packet chairman Dr Omar Abdul Rahman.
“I, on behalf of the board, am glad to say that we have full confidence in Kay and that he has shown to have all the leadership capabilities to continue to bring an important and positive impact for the Group,” he added.
Tan graduated from the University of Nebraska-Lincoln with a Bachelor of Science degree in Business Administration, with a double major in Finance and Management Information Systems.
“CC Puan’s leadership and contribution to Green Packet are immeasurable and we … owe him a huge debt of gratitude,” said Tan.
“I would like to thank him and the board for their vote of confidence and will carry Green Packet to greater success. I have also conducted an exhaustive search to identify outstanding individuals to further strengthen our leadership team. We will be announcing their appointments soon,” he added.
Green Packet said it is aggressively expanding its business into the LTE space, having won five new LTE device supply contracts, two of them from Tier-1 operators: Globe Telecom of the Philippines and MTN of Nigeria, which have a significant combined subscriber base of 96 million.
Meanwhile, Green Packet’s Communications business, NGT Networks Pte Ltd, continues to register solid demand with more than RM40 million (US$12.3 million) of quarterly revenue registered on its international voice trunk, the company said.
“We are extremely pleased that all business pillars are realising their strategic plans, with huge potential for further development still in the pipeline, assuring Green Packet’s future growth,” said Tan.
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