Analyst: Sime not likey to make any major changes in E&O at the moment

PETALING JAYA: Sime Darby Bhd's move to appoint two of its top executives - president and group chief executive Datuk Mohd Bakke Salleh and group chief operating officer Datuk Abdul Wahab Maskan - to board positions at Eastern & Oriental Bhd (E&O) has elicited both positive and neutral responses from analysts.

E&O told Bursa Malaysia in a filing on Tuesday that it was appointing Bakke and Wahab as non-independent and non-executive directors. It also announced the resignation of non-independent and non-executive director Thomas Teo Liang Huat.