King Koil Malaysia, which acquired King Koil Licensing Co. on Feb. 12, announced several key changes to its U.S. management team.
Jin Hoe Yeoh, chairman and managing director of King Koil Malaysia, will serve as chairman of KKLC. Teck Hong Goh has been named chief executive officer of the company. Both will serve on the new King Koil board, the company said.
Former President and Chief Operating Officer Dave Roberts has stepped aside and assumed a consulting role with the new board, the company said. King Koil veteran Owen Shoemaker has been appointed COO and executive vice president, reporting to Goh and the board.
The terms of the February acquisition by Yeoh’s company, Kaiserkorp Corp. in Kuala Lumpur, were not disclosed. The ownership of KKLC had been held by the Caldwell Family Trust. News of the transaction was released in a joint statement by Yeoh and Candace Caldwell Smith, owner of the company founded by her late father, William Caldwell III.
Shoemaker, who joined King Koil in 2009, has held several executive posts with marketing, merchandising and product-development responsibilities. Now responsible for the company’s day-to-day operations, Shoemaker said KKLC will maintain its current corporate office in the Chicago suburb of Willowbrook, Illinois.
“The mission will be to accelerate the growth and development of the King Koil brand in the United States and worldwide,” he said.
Roberts, who started with King Koil in 2001, said, “The company is in great hands and, with the desire and ability to aggressively reposition King Koil to attain a greater, more prominent position, the future of King Koil is very promising.”