Parkson Retail Asia promotes Toh Peng Koon as CEO

He has been instrumental in the growth of the retail business in Malaysia and Indonesia.

The Board of Parkson Retail Asia announced the appointment of Toh Peng Koon as chief executive officer.

Mr Toh, 58, has been with the Parkson Group for 25 years. He has been instrumental in the growth of the retail business in Malaysia and, following the group's expansion into Indonesia in 2011, will assume the leading role in expanding the Parkson group's retail business in the Indonesian archipelago. The Board believes that Mr Toh's extensive experience coupled with the in-depth understanding of the retail industry will provide a significant contribution to the growth of the Parkson retail business in the South Asian retail markets.

He will be responsible for the expansion of the Parkson Retail Asia Group’s retail business and also the day to day operation matters of the Group, according to a Parkson Retail Asia report.

Prior to his promotion, he was president director of Parkson Corporation, Retail since June 2011 and CEO of Parkson Corporation Sdn Bhd, Retail in Malaysia since January 2010. Before this he was COO of Parkson Corporation, Retail from Jan 2002 to Dec 2009.