PETALING JAYA: Former deputy prime minister Tun Musa Hitam, 78, has relinquished his position as director and chairman of Sime Darby Bhd after holding those positions for more than five years.
In an AGM and EGM that were held concurrently, Musa announced that he did not seek for reappointment citing his age factor and after steering the group out of the doldrums. The group's energy and utilities incurred a whopping RM1.7bil in losses in 2010.
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