JF Technology appoints Andy Goh as future CEO

Company - People | Jul 01, 2025 | EIN

JF Technology appoints Andy Goh as future CEO

JF Technology Bhd has announced the future appointment of Andy Goh Joo Hwa as its CEO, effective July 1, 2025. The announcement is part of the company's JF 4.0 Transformation plan, focusing on strategic expansion and innovation. Goh will be responsible for overseeing existing businesses while enhancing technological innovation and market expansion. The current CEO, Datuk Foong Wei Kuong, will transition to the role of group managing director to drive the group's new strategic expansion efforts through business partnerships and corporate mergers and acquisitions. In a separate development, Ayer Holdings Bhd has appointed Joanne Lee Sor Phaik as its new group CEO effective immediately, succeeding Chua Seng Yong. Lee, who has extensive leadership experience in various industries, including property development and construction, will spearhead Ayer's next phase of growth, focusing on delivering sustainable value and cultivating long-term stakeholder relationships.

Sectors

  • Integrated Circuit Manufacturing
  • Property Development

Geography

  • Malaysia – Both JF Technology and Ayer Holdings are based in Malaysia, making this geography relevant to their operations and strategic developments.

Industry

  • Integrated Circuit Manufacturing – JF Technology Bhd operates within the integrated circuit industry, which is relevant due to its technological focus and market expansion plans.
  • Property Development – Ayer Holdings Bhd engages in property development, making this sector particularly relevant given its business model and leadership transition.

Financials

    Participants

    NameRoleTypeDescription
    JF Technology BhdCompany undergoing leadership change and strategic transformation.CompanyAn integrated circuit manufacturer focused on technological innovation and market expansion.
    Andy Goh Joo HwaIncoming CEO of JF Technology BhdPersonSet to assume CEO role in 2025, focusing on business operations and technological growth.
    Datuk Foong Wei KuongCurrent CEO of JF Technology, transitioning to group managing directorPersonFocused on strategic expansion through partnerships and acquisitions.
    Ayer Holdings BhdCompany with new leadership appointmentCompanyProperty developer and cultivator of oil palm and durian, focusing on sustainable growth.
    Joanne Lee Sor PhaikNew Group CEO of Ayer Holdings BhdPersonBrings over 30 years of diverse leadership experience for growth and transformation.
    Chua Seng YongPredecessor CEO of Ayer Holdings BhdPersonRecently retired former CEO now succeeded by Joanne Lee.