KUALA LUMPUR (Nov 6): Box-Pak (Malaysia) Bhd said its president cum chief executive officer and executive director Chee Khay Leong is retiring after having served the company for more than a decade.

Chee, 63, also stepped down as Can-One Bhd's executive director after completing his contract of service on Nov 5, 2023. He has a direct interest of 2.05 million shares, or 1.07%, in Can-One.

He was also president cum CEO of Kian Joo Can Factory Bhd (KJCFB), a wholly owned subsidiary of Can-One. Box-Pak is a subsidiary of KJCFB.

Chee joined Can-One Group in 1977 and held various positions in the management of manufacturing facilities, marketing and business development. He was appointed as executive director of Can-One in 2018 and oversaw the implementation of the group’s broad operational strategies and policies.

He was also instrumental in the growth and success of KJCFB and Box-Pak, which are involved in the manufacture and sale of various types of metal and plastic packaging products, such as cans, pails, drums, bottles, containers, and corrugated cartons.  

He had been with KJCFB since its inception in 1974 and assumed the role of president cum CEO in 2018.

The boards of directors of Can-One and Box-Pak expressed their appreciation and gratitude to Chee for his leadership and dedication over the years. They also wished him all the best for his future endeavours.

In the bourse filing on Monday, both companies did not disclose Chee's successor, and said they would make further announcements on the matter in due course.

At the noon break, Can-One shares settled at RM2.62, valuing the company at RM503.44 million.

Meanwhile, Box-Pak shares settled at 83 sen, giving it a market capitalisation of RM100.24 million.