Scicom’s CEO to stay on

PETALING JAYA: Although Scicom (MSC) Bhd chief executive director Leo Ariyanayakam has reduced his effective holdings in the company, he will not be exiting the business process outsourcing (BPO) outfit.

When contacted, he said both chairman Krishnan CK Menon and he “have no intention to exit” the company. According to filings with Bursa Malaysia, PT Telekomunikasi Indonesia (PTTI) had raised its interest in Scicom to 29.85% comprising 79.99 million shares after acquiring another 30 million shares on Monday.