Mulpha International begins CEO search following retirement of Gregory Shaw

• Gregory David Shaw was appointed CEO of Mulpha Australia Ltd, a wholly-owned subsidiary of Mulpha International, in 2015 before taking on the group CEO role the following year.

KUALA LUMPUR (Dec 4): Property developer and hospitality group Mulpha International Bhd (KL:MULPHA) announced on Thursday that its chief executive officer (CEO) Gregory David Shaw has retired.

Shaw, 66, helmed the group for almost a decade, having been appointed CEO in December 2016, according to Mulpha’s annual report. Shaw does not hold any directorship in listed issuers or non-listed public companies in Malaysia.

“The company is presently undertaking the search for a new CEO,” Mulpha said in announcing Shaw's retirement.

An Australian national, Shaw holds a Bachelor of Commerce degree from the University of Queensland. He brings management experience across the education, leisure, entertainment, property and finance sectors.

Prior to joining Mulpha, he served as CEO of three publicly listed companies in Australia—Koala Corporation Australia (1990–1998), Port Douglas Reef Resorts (1998–2002) and Ardent Leisure Group (2002–2015).

He was appointed CEO of Mulpha Australia Ltd, a wholly-owned subsidiary of Mulpha International, in 2015 before taking on the group CEO role the following year.

Mulpha’s board of directors currently comprises executive chairman Lee Seng Huang, 50; non-executive director Chew How Ping, 67; senior independent non-executive director Geoffrey Earl Grady, 65; and independent non-executive director Josephine Phan Su Han, 60.

For the nine months ended Sept 30, 2025 (9MFY2025), Mulpha’s net profit ballooned to RM293.74 million from RM1.55 million a year earlier, primarily due to a gain from the disposal of its investment securities in Hydra RL Topco Pty Ltd.

Revenue, however, fell 13% to RM648.57 million from RM749.06 million in the previous year’s corresponding period, dragged by subdued performance from all operating divisions and adverse currency fluctuations.

Shares in Mulpha closed unchanged at RM2.92 on Thursday, valuing the group at RM908.64 million. The counter has gained nearly 18% year to date.

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