MBM Resources group MD resigns

MBM Resources Bhd managing director Looi Kok Loon

KUALA LUMPUR: Automotive group MBM Resources Bhd has redesignated Datuk Abd Rahim Abd Halim from non-executive chairman to executive chairman as it bids farewell to group managing director Looi Kok Loon.

In a filing with Bursa Malaysia, the company said Looi, 50, would resign effective Feb 8 to pursue other business and personal interests.

Abd Rahim’s redesignation will also take effect on the date.

In a statement, MBM said Looi had made valuable contribution to the group over the last 16 years.

Following Looi’s resignation, Abd Rahim, 68, will have the authority to manage the day-to-day affairs of the group until a permanent chief executive officer is appointed.

Abd Rahim, previously the company’s group managing director (from 1993-2006), holds extensive knowledge and experience in the automotive industry as well as the group’s businesses.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Next In Business News

Pharmaniaga appointed sole distributor of Baraka in Malaysia
FBM KLCI likely to trade higher next week
Aramco agrees US$12.4bil deal to sell stake in pipelines
Solar in Malaysia - Challenges, and too much of a good thing?
CPO futures to see volatile trading next week, eyes on MPOB data
Pfizer, BioNTech seek US emergency nod for COVID-19 vaccine in adolescents
Eyes on next generation as Singapore succession is thrown into question
Oil price falls, ends week about 2% lower on supply increase, new lockdowns
BlackRock, Mustier's blank-check firm eye Credit Suisse fund management arm
GLOBAL MARKETS-S&P 500, Dow scale new heights, Treasury yields rise on strong inflation data

Stories You'll Enjoy