KUALA LUMPUR: Professional services firm KPMG has announced the election of Foong Mun Kong as its incoming managing partner with effect from Jan 1, 2025.

       Foong will succeed Datuk Johan Idris, who will transition to become the firm's non-executive chairman at the end of his tenure as managing partner on Dec 31, 2024.

       In a statement, KPMG said Foong is currently its head of audit, a position he has held since 2014.

       He started his career at KPMG and has contributed his expertise in various professional practice roles at the Malaysian Institute of Accountants (MIA), Malaysian Institute of Certified Public Accountants (MICPA) and the Malaysian Accounting Standards Board (MASB).

       Said Johan: "I’m extremely pleased to welcome Mun Kong as my successor with the full confidence that his expertise and leadership will benefit KPMG and the clients our professionals serve.

       "This passing of the torch is part of the firm’s one-year succession plan to ensure that KPMG remains on solid footing to drive continued business growth in Malaysia.”