- Carsome appoints Eric Chan as group president and COO, bringing automotive industry expertise.
- Leadership reshuffle follows CFO appointment and undisclosed funding.
- The used-car marketplace seeks government licenses.
The Malaysian used-car marketplace Carsome announced a leadership reshuffle, appointing Eric Chan, a former senior executive at Jardine Cycle & Carriage, as its group president and COO.
Chan brings three decades of automotive industry experience across Singapore and Malaysia, including managing director roles overseeing Mercedes-Benz dealerships.
Reshuffling roles in push for growth
CEO Eric Cheng welcomed Chan’s “automotive leadership” expertise, highlighting his addition as a “valued” member of the Carsome team.
Simultaneously, Aaron Kee transitions from COO to group chief business officer, while Juliet Zhu moves to an advisory role after serving as president.
Malaysian listing on the horizon?
These changes follow Miguel Fernandez’s appointment as group CFO last November, previously holding the same position at Philippine fintech Maya.
The reshuffle occurs as Carsome seeks a Malaysian government license for commercial vehicle inspections and ownership transfers, positioning itself for an impending IPO.
In June 2023, Carsome raised undisclosed funding, boosting its liquidity to $200 million – a move interpreted as part of its public listing preparations, though details remain undisclosed.
To read the original article: https://www.techinasia.com/carsome-appoints-ex-jardine-exec-coo-eyes-ipo
