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SHAH ALAM: S P Setia Bhd’s deputy president and chief operating officer (COO) Datuk Seri Koe Peng Kang will be stepping down from his post to pursue interests outside the organisation.

The developer said Koe’s last day with the company will be on Sept 30.

“The board of directors, management and Staff of S P Setia respect Koe’s decision and thank him for his dedicated service and important contributions over the last 25 years. We value his commitment to the company and wish him all the best for his future,” chairman Tan Sri Syed Anwar Jamalullail said in a statement.

Koe’s replacement as deputy president & COO will be announced in due course.

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In the meantime, the president and chief executive officer assumes these responsibilities with the assistance of all the executive vice presidents.

Koe has had a long and distinguished career with S P Setia where he joined in 1997 as a project manager.

He was appointed as deputy president & COO on Oct 1, 2021, for a two-year term.

Under his leadership, Koe pioneered the award-winning Setia eco-themed township developments, and initiated the hospitality segment and overseas projects for the company.