KUALA LUMPUR (March 16): Bina Darulaman Bhd has reactivated its executive committee (exco) to assist the management in day-to-day operations and other business dealings until a new group managing director is appointed.

This follows the passing of Datuk Izham Yusoff on March 13.

In a filing with Bursa Malaysia today, Bina Darulaman said the board of directors has approved the reactivation of the exco as delegation authority from the board to assist the management to decide on important and urgent issues.

The exco members are guided by the term of reference approved by the board.

The exco will be chaired by Bina Darulaman non-independent and non-executive director Abdul Rahman Abdullah, while the other exco members are BDB Infra Sdn Bhd executive director Mohd Sobri Hussein and group financial officer Fakhruzi Ahmad.

"With the activation of the exco, the formation of the business continuity management working committee (on March 14) is now dissolved," it added.

Shares in Bina Darulaman were untraded today. The stock last closed at 53 sen, valuing the group at a market capitalisation of RM161.04 million.