3 days ago
- Business
- Malaysian Reserve
Senheng appoints group MD, MARC Data gets new CEO
SENHENG New Retail Bhd has appointed Lim Kim Heng as its Group MD effective Aug 1, in a leadership revamp designed to future-proof the business and ensure continued relevance in a rapidly evolving retail landscape.
He is also the consumer electronics company's executive chairman.
Popularly known as KH Lim, he co-founded Senheng Electric, a partnership business together with his brothers Lim Kim Chieng and Lim Kim Yew.
Senheng is introducing AI-driven solutions across multiple departments to streamline repetitive processes and improve cost efficiency, the company said in a statement.
Acknowledging changing customer behaviours, Senheng said it is extending its presence across digital platforms, including TikTok and chat commerce, to better connect with new audiences and drive more meaningful interactions.
For the financial year ended Dec 31, 2024 (FY24), the Main Market-listed company posted a net profit of RM12 million, down 52% from the previous before, on a revenue of RM1.21 billion, which was 7% lower year-on-year (YoY).
Meanwhile, Malaysian Rating Corp Bhd (MARC) has promoted Vikraman Kalia Purumal to CEO of MARC Data Sdn Bhd, its wholly owned data and analytics subsidiary, effective Aug 8.
Vikraman was previously MARC's strategy and transformation head.
He will now lead the development and execution of MARC Data's strategic direction, driving its mission to deliver data-driven credit intelligence and enhance value across the financial ecosystem, the company said in a statement.
A chartered financial analyst, Vikraman also holds a Master of Science in Finance from the London Business School. — TMR
This article first appeared in The Malaysian Reserve weekly print edition
