Wong, who will remain as executive chairman, will be succeeded as CEO by Lee Ghai Keen, the current COO. Wong Chee Kheong, who is now the senior vice-president of Venture’s healthcare and wellness business, global supply base management and IT, will be appointed as the COO. The changes will take effect on Jan 1, 2022.
Wong Ngit Liong, who is stepping down as the long-time CEO of Venture Corp, has increased his stake in the blue-chip contract manufacturer. On Nov 8, Wong acquired 200,000 shares on the open market for a total $3.75 million or $18.7 each.
Wong now holds around 20.65 million shares or 7.106% of the company, up from 7.037% previously.
