Datuk Zaini Yusoff will be succeeding Datuk Choong Kai Wai as President and Chief Executive Officer effective on October 1, 2025.
SHAH ALAM, SELANGOR – S P Setia Berhad (“Setia” or “the Company”) today announced a leadership transition effective 1 October 2025 with the appointment of Datuk Zaini Yusoff as President and Chief Executive Officer (CEO) as Datuk Choong Kai Wai will be retiring from the Company on 30 September 2025.
Datuk Zaini, who joined Setia from I&P Group Sdn Bhd in 2017, has been serving as Chief Operating Officer since 2023. He brings over 37 years of experience in engineering and corporate leadership. His strategic leadership has been pivotal in transforming Setia’s operations and delivering complex, large-scale projects. Datuk Zaini was re-elected as Chairman of the Real Estate and Housing Development Association (REHDA) Selangor (2024–2026) and is also the current Deputy President for REHDA Malaysia. He plays a pivotal role in shaping the industry policy and advancing sustainable development. His diverse career includes roles at Penang City Council, Asia Control Systems IMPAC (Improve Management Profitability and Control) Sdn Bhd, and leadership in construction project management.
Datuk Choong, aged 65, will retire after serving the Company for more than 15 years and since 2021 as President and CEO of the Company. Under his leadership, Setia achieved strong financial performance driven by sustainable growth, robust sales, de-gearing, growth capital optimisation, and industrial parks establishment. His tenure has transformed Setia into a leaner, more resilient, and future-ready organisation.
Setia’s Chairman, Y.A.M. Tan Sri Dato’ Seri Syed Anwar Jamalullail expressed the Board’s deep gratitude to Datuk Choong for his leadership and dedication. “Datuk Choong has played a vital role in shaping Setia’s journey, and we hold his enduring contributions in the highest regard. The Board is confident that Datuk Zaini will provide the strategic leadership needed to steer the Company forward, strengthening our position as a leading and progressive property developer,” he said.
As part of Setia’s robust leadership talent agenda, the Company will continue to advance internal talents and attract high-calibre professionals to further augment its leadership team.
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