SINGAPORE (Nov 2): Vincent Tan is back in the driver’s seat at Berjaya Corp (BCorp) as executive chairman after relinquishing his position earlier in Feb 2012 to focus on philanthropic work.

He will be taking over the position from his son Robin Tan Yeong Ching, who will still remain as CEO of the group.

BCorp says that Vincent has been exploring new business opportunities for the group as its founder and adviser during his retirement period.

In a message to BCorp’s board of directors, Vincent says: “Datuk Seri Robin has been an excellent chairman and CEO. He has strengthened the corporate organisation and best practices, and the group has enjoyed steady growth and progress during his stewardship.”

“However, I feel that after being away for five years, it is time I returned to the board to actively participate in the deliberation and decision-making at the board level to show my commitment and accountability to our stakeholders.”

In agreement with his colleagues on the board, Robin says, “With Tan Sri’s more than four decades of entrepreneurial experience and unwavering dedication and commitment to the group, we have no doubt that he will be able to take the BCorp group of companies to greater heights.”

Berjaya Group today has interests in several sectors such as, gaming, property investment, motor trading and distribution, media and telecommunications, financial services, hotels and resorts, restaurants and cafes, and consumer marketing.

This year, Vincent Tan was rank No. 20 in in Forbes Malaysia’s 50 richest list, with an estimated net worth of US$820 million ($1.12 billion).

As at 1.13pm, shares in BCorp are trading at 34 sen.