Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 31): Public Bank Bhd said Tan Sri Teh Hong Piow retires as chairman today but he will remain on the board as non-independent non-executive director effective tomorrow (Jan 1, 2019).

"As announced on July 31, 2017, Tan Sri Dr Teh Hong Piow will be bestowed the title chairman emeritus on Jan 1, 2019 and stay on as adviser to provide guidance to support the continued growth of Public Bank and Public Bank Group," Public Bank said in a statement to Bursa Malaysia today.

Public Bank said in a separate filing with the bourse today that deputy chairman Lai Wan will be redesignated as chairman effective tomorrow (Jan 1, 2019).

Public Bank said he was appointed as independent non-executive director of the group on April 26, 2012. Lai was redesignated as independent non-executive deputy chairman of Public Bank on Sept 26, 2017.

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