Wellous Group Limited, a Malaysia-based international nutrition company, has on Tuesday announced key leadership appointments to help further the company’s global expansion and prepare for transitioning to life as a public company.
Wellous said in a statement that it has appointed Lee Koon Tan as the group’s president.
According to the statement, Tan brings decades of experience as a corporate leader.
In this role, Tan will oversee and drive the company’s transformational initiatives and expansion plans.
He is responsible for corporate development activities, including strategic partnerships and investment opportunities.
Previously, Tan held leadership roles across various companies in the Hong Leong Group, a leading Southeast Asia conglomerate with portfolio companies in financial services, manufacturing, real estate and consumer goods. He is also a CFA Charterholder.
Wellous also announced the appointment of Jorrine Ang as chief financial officer, effective from December 2022.
Ang has over 10 years of experience in senior management roles of public companies listed on the Bursa Malaysia Stock Exchange, where she was responsible for the formulation and implementation of corporate strategies as well as overseeing corporate finance, fund raising, and investment management.
Prior to joining Wellous, Ang founded and ran her own advisory practice, providing pre-initial public offering (IPO) advisory, capital fund raising, mergers and acquisitions and corporate restructuring services for corporate clients.
She completed an ACCA (the Association of Chartered Certified Accountants) and holds a Master’s Degree in Business Administration from the University of Portsmouth, United Kingdom.
“Lee Koon and Jorrine are both highly accomplished, seasoned professionals and exceptional leaders,” said Wee Kuan (Andy) Tan, Co-Founder and Chief Executive Officer of Wellous.
“I am confident they will help to drive Wellous forward at this important time as we transition to a public company. Their considerable experience and demonstrated excellence make them the right choice for Wellous,” he added.
Meanwhile, Wellous Co-Founder and Chairman Henry Chin said :“We look forward to working closely with Lee Koon and Jorrine to better develop the markets we serve and deliver more value for our customers, partners, employees and shareholders.”
“With these key leadership changes, we believe this better positions Wellous to realize our full potential,” he added.
On December 13, Wellous announced that it had entered into a definitive business combination agreement with Kairous Acquisition Corp. Limited, a special purpose acquisition company (Kairous), that, if and when approved by the shareholders of Kairous, will result in Wellous becoming a publicly listed company on Nasdaq upon the closing of the proposed transaction.
Founded in 2016, Wellous is a health food and nutrition company that develops, manufactures, markets and distributes trusted and beneficial health and wellness products.
With a strong and growing presence across the Asia Pacific region, the company offers only the best of nature, the most precious ingredients from a wide sourcing network.
The firm’s products and services are distributed through its tech-enabled distribution channels. It has a strong footprint in the Asia-Pacific markets and growing presence in other markets across the world.
Having introduced over a dozen product series to the market using premium raw materials, the upcoming listing will be a key milestone in the company’s further expansion across the world.