KUALA LUMPUR (Feb 9): Chemical manufacturing company Sersol Bhd executive director Toh Hong Chye will assume the position of executive chairman from today.
He replaces Datuk Seow Thiam Fatt, 76, who will be redesignated as non-executive director. Seow had been non-executive chairman since 2013.
Toh, who was appointed as executive director in 2012, holds a qualification from the Association of Chartered Certified Accountants (ACCA) and has a Masters of Business Administration in Finance from the International Islamic University Malaysia.
Sersol has also appointed Tiew Chee Ming, 28, as its new chief financial officer. Tiew was previously the group’s accountant.
Sersol’s shares closed down one sen or 5.88% at 16 sen, for a market capitalisation of RM35.53 million.