KUALA LUMPUR (Dec 29): Lingkaran Trans Kota Holdings Bhd (Litrak) chief operating officer (COO) Richard Lim is retiring from his position on Dec 31.
In a filing with Bursa Malaysia, Litrak said Lim, 59, was appointed as the group financial controller on May 1, 2001 and was made COO on Sept 1, 2003.
It added that Lim has extensive experience in auditing, accounting, finance, corporate finance, business development and general management.
He started his career in the UK in 1978 at Mercer & Hole, Chartered Accountants as an audit junior, and when he left the firm to return to Malaysia he was a personal assistant to a senior partner.
Upon his return to Malaysia in 1986, he joined Hong Leong Group Malaysia as an assistant accountant attached to Hong Leong Industries Bhd (HLI). He then served as an accountant under various companies under HLI and when Hong Leong Group Malaysia acquired O.Y.L. Industries (OYLI) in 1990, he was transferred to OYLI as the group financial controller. He left OYLI in 1997.
"Since leaving OYLI and prior to joining Litrak, Lim has been with various organisations handling finance and corporate development matters," said Litrak.
According to a separate filing, Stephen Low Chee Weng has been appointed as chief financial officer of Litrak effective Jan 1, 2018.
Upon graduation, Low, 46, was attached to a major accounting firm in Malaysia. Prior to joining Litrak Group in 2006 as the head of corporate and finance department, he worked in various other companies in technology, insurance and education industries. He has vast experience in accounting, audit, finance, treasury and budgetary control.
Litrak shares closed unchanged at RM5.55 today, giving it a market capitalisation of RM2.93 billion.