He begins serving in the new capacity on April 1.

Lee, who also currently serves as deputy managing director, will take over from Liew Hau Seng, who is stepping down after 34 years in the company.

Liew assumed the role of group CEO and managing director in August 2019. Prior to that he headed the group’s construction division as its managing director.

Lee, who has been serving as deputy CEO and deputy managing director since April 2015, has held various leadership portfolios within the group during his 27-year spell in the company.

In his current capacity, Lee heads the group’s corporate strategy and investment department as well as the infrastructure division, comprising the group’s toll and port operations.

IJM Corporation’s share price closed 1.95% higher today at RM1.57 following the announcement.