53 / 76
SUSTAINABILITY REPORT 2017
51
SUCCESSION PLANNING
Succession planning is essential to ensure business
sustainability and long-termgrowth. This approach is seen
as necessary to help CMS meet its long-term sustainable
growth objective.
Management conducts succession planning annually and
focuses on:
• Creating a talent pool for critical positions
• Devising a customised development and mentoring
programme for potential successors
• Monitoring the performance of potential successors
• Annual mentoring through a one-to-one interview
with the Group Managing Director on the availability
of potential successors
• Setting a timeframe for potential successors to fill
critical positions
• Alternative options to support the succession plans
CMS Announces its New Era of Leadership
CMS’ sound succession planning strategies are credited
with preparing able successors to the Group Managing
Director, Dato’ Richard Curtis who retired at the end
of 2017. Dato Isaac Lugun and Mr Goh Chii Bing have
been promoted from within CMS to serve as Group Chief
Executive Officer - Corporate and Group Chief Executive
Officer - Operations respectively, as part of the Board’s
dual leadership strategy.
Dato Isaac brings with him a wealth of experience in
the corporate and strategic investment areas, while Mr
Goh, brings his accumulated expertise in core business
operations. Dato Isaac will manage the group’s corporate
strategic investments that include associate companies
in smelting, financial services and telecommunications
infrastructure, while Mr Goh will oversee the Group’s
Core Business divisions, including cement, construction
materials & trading, property development, construction
& road maintenance. As both these distinct areas of our
business needed very focused attention to realise their
considerable potential, the Board decided after due
consideration that two separate but complementary
CEOs would best serve our specific needs.
These two talented ‘CMS-grown’ leaders bring with them
an intimate understanding of CMS’ businesses built up
over the last 20 years or so and a shared belief in the
Group’s direction. Both gentlemen will work together
with our current Group Chief Financial Officer, Tuan Syed
Hizam Alsagoff, to deliver on our targets. These three
gentlemen’s familiarity with the workings of CMS instils
in the Board a confidence that our succession planning is
sound, solid and geared for even greater success.
CMS’ Tier 2 and Tier 3 Succession Planning
Over the course of 2017, in line with our Succession
Planning initiatives, Tier 2 Succession Planning candidates
had 16 individual sessions with GroupManaging Director,
Dato’ Richard Curtis; while all six Tier 3 Succession
Planning Candidates plus another three new candidates,
had individual sessions with the Senior General Manager
of the Group Human Resources Department.
CMS’ sound
succession
planning
strategies are
credited with
preparing able
successors
to the Group
Managing
Director,
Dato’ Richard
Curtis who
retired at the
end of 2017.
Social: Labour Practices and Decent Work