Scomi Group CEO tenders resignation

Scomi Logo

PETALING JAYA: Scomi Group Bhd says its chief executive officer Sammy Tse Kwok Fai (pic below) has tendered his resignation, effective June 30,2021.

The company said to ensure a smooth transition and business continuity, the executive committee (exco) established by the board would assume the responsibilities of the CEO, in the interim, and would carry out the full functions of the CEO for the company and its subsidiaries.

“The exco comprises three directors from the board, namely Tunku Azlan Tunku Aziz, Datuk Wan Shaharuddin Wan Mahmood and Shah Hakim Zain, ” Scomi said in a statement.

“At the same time, we will start the process of reviewing suitable candidates to be appointed as a CEO to take the company through this restructuring and growth stage, ” it added.

Tse was appointed as an executive director of the company on July 24,2018. He was named CEO on Aug 2,2018.

“The board would like to thank Tse for his service and contributions to Scomi, especially in view of the global challenges of depressed markets, the Covid-19 pandemic and the financial constraints of the company, ” it said.

In accordance with the Main Market Listing Requirements, Scomi is required to submit its rehabilitation plan by Aug 30,2021.

“The exco will commence to work closely with the current management of Scomi to ensure the company is able to provide a viable plan to the relevant authorities accordingly, ” it said.