---
title: "Former Globetronics CEO Heng Huck Lee joins PIE Industrial's board"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/243494737.md"
description: "KUALA LUMPUR (June 6): PIE Industrial Bhd has appointed Datuk Heng Huck Lee, former CEO of Globetronics Technology Bhd, as an independent and non-executive director, effective immediately. Heng, 68, will also serve on PIE's nomination and audit committees. Concurrently, Lee Cheow Kooi has left the board to pursue personal interests. PIE reported a 54.8% increase in net profit for Q1 2025, reaching RM15.02 million, driven by higher customer demand and reduced inventory provisions. Revenue rose 13.6% to RM271.76 million. PIE shares closed at RM4.12, down 1.44% on Friday, with a year-to-date decline of 32%."
datetime: "2025-06-06T13:31:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243494737.md)
  - [en](https://longbridge.com/en/news/243494737.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243494737.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/243494737.md) | [繁體中文](https://longbridge.com/zh-HK/news/243494737.md)


# Former Globetronics CEO Heng Huck Lee joins PIE Industrial's board

KUALA LUMPUR (June 6): Electronic manufacturing services firm PIE Industrial Bhd (KL:PIE) has appointed former Globetronics Technology Bhd (KL:GTRONIC) chief executive officer Datuk Heng Huck Lee to its board as an independent and non-executive director, with immediate effect.

Heng, 68, who retired as Globetronics CEO in 2022, was also appointed as a member of PIE's nomination and audit committees, PIE's bourse filing Friday showed.

Globetronics is involved in outsourced semiconductor assembly and test and is an original design manufacturer for semiconductor, electronics components and smart electronics devices.

Separately, PIE Industrial announced the departure of Lee Cheow Kooi as its non-independent and non-executive director, and as a member of its nomination and audit committees, “in pursuit of personal interests”. Lee was appointed to the board in November 2016, PIE's annual report showed.

PIE’s net profit jumped 54.8% in the first quarter of 2025, thanks to higher demand from its existing customers and lower provision for slow-moving inventories. Net profit for the quarter ended March 31, 2025 came in at RM15.02 million against RM9.7 million in the same quarter a year ago. Revenue rose 13.6% to RM271.76 million from RM239.18 million.

PIE shares closed six sen or 1.44% lower at RM4.12 on Friday, valuing the company at RM1.58 billion. Year to date, the stock is down by 32%.

_Read also:  
PIE Industrial’s 1Q earnings surge 55% on higher demand, lower provision for slow-moving inventories_

Edited ByTan Choe Choe

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