KUALA LUMPUR: XOX Bhd managing director Datuk Kenneth Vun has addressed recent media scrutiny over his leadership, acknowledging past controversies linked to his role as founder of FTEC Resources Bhd and previous matters involving the Securities Commission (SC).
In a statement issued today, Vun reaffirmed his commitment to transparency, governance reform, and the long-term creation of stakeholder value.
"I fully acknowledge the scrutiny that accompanies leadership. My past is part of my journey, and I do not shy away from it. Every regulatory matter has been addressed and resolved. Today, I lead with deeper conviction, insight, and a strong sense of responsibility.
"Our focus must remain on execution, transformation, and the future we are building for our company, investors, and stakeholders," he said.
Under Vun's strategic direction, XOX is undergoing a decisive phase of restructuring and repositioning aimed at driving sustainable growth and enhancing enterprise value.
He noted that XOX is transitioning from a traditional telecommunications company into a high-growth, next-generation digital platform.
This transformation is anchored by key growth pillars, including the integration of artificial intelligence, fintech solutions, and consumer data monetisation.
"We are not here to operate as usual. We are here to redefine the trajectory of this business — through innovation, discipline, and measurable performance.
"The capital markets will ultimately judge us not by narratives but by results. That is where our full attention lies," he added.
With more than three decades of experience across technology, telecoms, capital markets, and corporate transformation, Vun has guided companies through both rapid growth phases and major turnarounds.
His appointment at XOX reflects a mandate to consolidate leadership, drive innovation, and position the company for regional competitiveness and sustainable growth.
"Let there be no ambiguity. Our priority is good governance, growth, and delivering real value. We are committed to this mission, and we will deliver," he said.
