Friday 29 Mar 2024
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KUALA LUMPUR (Aug 14): Nylex (Malaysia) Bhd has named its incumbent independent director Datuk Tengku Mahamad Tengku Mahamut as its non-executive chairman, effective today.

He replaces Tan Sri Mohamed Al Amin Abdul Majid who resigned about 10 days ago, citing other commitments, the polymer chemical industry building products player said in a stock exchange filing.

According to the group’s latest available annual report, Tengku Mahamad joined the board as an independent director in March 2016.

The 63-year-old holds a master’s degree in polymer technology and engineering from the United Kingdom, and held roles in Exxon Chemical Company’s polyolefins business worldwide in his early career years.

More recently, he led Petroliam Nasional Bhd’s (Petronas) industrial and specialty chemicals division, having served as managing director-cum-chief executive officer at several of its petrochemical units.

In a separate exchange filing, Nylex also announced the appointment of Datuk Anuar Ahmad, 64, as an independent director to fill the vacancy.

Anuar, who was formerly managing director and chief executive officer in Petronas Dagangan Bhd, brings with him 36 years of experience with the Petronas group.

Shares in Nylex slipped half a sen or 0.71% to 69.5 sen, valuing the group at RM130.26 million.

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