SINGAPORE (Sept 1): Mirzan Mahathir, who was appointed as interim CEO of SBI Offshore from July 3 to Aug 31 to facilitate the progression of SBI Offshore’s proposed acquisition of the Berlitz group of companies, is no longer in the position.

The cessation is due to the expiry of Mirzan’s employment contract and follows the lapse of the share sale agreement with Berlitz.

Mirzan, who is also the eldest son of Malaysia's former prime minister Tun Dr Mahathir Mohamad, became a substantial shareholder back in September 2014 after buying 10.8% of the company via a private placement at 26.05 cents per share.

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