Tan Cher Liang

Jumbo CEO Ang gives up chairmanship to focus on next stage of growth

SINGAPORE (Jan 31): Ang Kiam Meng, executive chairman and CEO of the Jumbo group of seafood restaurants, is relinquishing his role as chairman of the board to focus on the restaurant chain's next stage of growth.

Lead independent director Tan Cher Liang, who co-founded corporate services group Boardroom, will take over as the new independent chairman.

Ang will now be executive director and group CEO.

In FY16, Jumbo’s earnings rose 46.3% to $15.5 million from a year ago due to higher gross profit and share of results of associates.

Be informed of the stories that matter