Sersol terminates suspended CEO

PETALING JAYA: Sersol Bhd has terminated its chief executive officer (CEO), Datuk Wira Justin Lim Hwa Tat, due to his absence from office without proper notice and non-response to a show cause letter since his suspension on Aug 30.

Lim, 47, was suspended on reasons that he had shown insubordination and failure to act as a responsible CEO.

In an earlier announcement to Bursa Malaysia, Sersol said Lim had not responded to any official requests made by the board since July 20, 2023, after asking him to return to the office to report to the board.

Pending his return from abroad to office, Sersol said Lim was asked to provide a written response on the Malaysian Anti-Corruption Commission's inquiry on him and what work he has been doing as CEO while being abroad.

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