Avaland appoints Apollo Bello Tanco as CEO to succeed Teh Heng Chong

Subang Jaya, 1 December 2023 – Fast-rising property developer Avaland Berhad (Avaland), formerly known as MCT Berhad, has appointed Apollo Bello Tanco (Pol) as its Chief Executive Officer, succeeding Teh Heng Chong effective 1 January 2024. Teh will remain on Avaland’s board of directors as a Non-Independent Non-Executive Director.

“Mr. Teh Heng Chong has led our Group through some of its most challenging years and was instrumental in successfully transforming the company. During his tenure, our Group handed-over 4,417 units of properties without delays, launched numerous award-winning projects, successfully rebranded our company to Avaland and established our Sustainability Roadmap,” said Tan Sri Dato’ Sri Abi Musa Asa’ari, Chairman of Avaland.

“On behalf of our Group, I wish to record our sincere appreciation for his contribution and wish him all the best in his next endeavour,” he added.

On the other hand, Avaland looks forward to a seamless transition as Pol served as Avaland’s Chief Operating Officer between 2019 and 2022 and is familiar with both Avaland and the Malaysian property market. During his tenure as Chief Operating Officer, he managed the day-to-day operations of Avaland covering project development, land acquisition, planning and design, construction management, and property management. Pol brings with him a wealth of both technical and management experience, having served as the Senior Estate Development Head at Ayala Land and is responsible for the development five townships covering almost 5,500 acres. He also served as the Head of Project and Strategic Management Group of Avida Land Corp., which is the development arm of Ayala Land that serves the middle-income segment.

"Having been with Ayala Land for close to 30 years, Pol’s appointment as Chief Executive Officer will further enhance operational alignment and create more synergies between Ayala Land and Avaland. We believe that Pol’s broad and extensive experience in the property development industry, coupled with his strong leadership skill and vision, will further strengthen Avaland’s position in the industry and propel our Group to greater heights,” said Tan Sri Abi.

For more information on Avaland, please visit www.avaland.com.my