Executive moves: Yoma Strategic taps Cyrus Pun as alternate director to Serge Pun

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Singapore companies announcing executive changes: Yoma Strategic Holdings.

Yoma Strategic Holdings

Yoma Strategic Holdings said Sunday Cyrus Pun Chi Yam, age 42, would cease to be a non-executive non-independent director of the company, effective 31 December, and would become the alternate director to Serge Pun @ Theim Wai, effective 1 January 2022.

Cyrus Pun Chi Yam is the son of Serge Pun, who is the executive chairman and a substantial shareholder of Yoma Strategic, and the brother of Melvyn Pun, the CEO and executive director of the company, the filing said.

He has been the CEO and executive director of Catalist-listed Memories Group since 2019, and was the executive director and head of real estate at Yoma Strategic from 2012 to 2019, the filing said. He holds 888,000 shares of Yoma, and around 1.5 million share options, Yoma said.

In a separate filing, Yoma said Chan Pengee Adrian, age 57, would cease to be the lead independent director, effective 31 December, as he is stepping down to facilitate board renewal after being an non-executive independent director for more than 10 years. He was appointed to his role in 2006, the filing said.

Chan holds 745,681 shares of Yoma and 250,000 share awards, the filing said.

Myanmar-based Yoma Strategic operates in the property development, food and beverage, financial services and agricultural equipment sectors.