KUALA LUMPUR, May 31 – Magma Group Berhad (“Magma”), a leading investment holding and hospitality group, today announced a pivotal leadership transition. Dato’ Seri Ismail @ Farouk Bin Abdullah will step down as Executive Chairman, with Dato’ Sri Lee Hock Seng, the current Deputy Executive Chairman, set to assume the role.
This carefully planned succession underscores Magma’s commitment to continuity and robust leadership. Dato’ Seri Ismail expressed confidence in his successor’s ability to guide the company through future challenges and opportunities, ensuring sustainable growth. Dato’ Sri Lee Hock Seng, honored by the new role, aims to build on Magma’s strong foundation and lead the company towards further growth and value creation for shareholders and stakeholders alike.
