But he will remain as managing director of the company.
KLW Holdings announced the resignation of Lee Boon Teck as executive chairman.
Mr Lee, 47, was involved in the management of the group and in formulating the group's overall strategies.
He was appointed executive director since the listing of the company on 15 June 1995 and managing director since 1 April 2012, acording to a KLW Holdings report.
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