Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 2): Shah Hakim @ Shahzanim Zain has resigned as chief executive officer of Scomi Group Bhd to focus on other business commitments.

Consequently, his board position as executive director has been redesignated as non-independent non-executive director. Besides that, Shah Hakim currently sits on the board of Scomi Energy Services Bhd, Scomi Engineering Bhd and KMCOB Capital Bhd.

According to a Bursa Malaysia filing, Shah Hakim started his career as an auditor with Ernst & Young and was then promoted to consulting manager, responsible for servicing large corporations. He went on to be appointed as executive director of a regional packaging manufacturer in 1992, with direct operational responsibility.

To replace Shah Hakim, Scomi announced in a separate filing that it has appointed Sammy Tse Kwok Fai as the new CEO.

According to the filing, Tse holds a Bachelor of Arts (Hon) in Geography and Geology from the University of Hong Kong and a Master of Business Management from the Chinese University of Hong Kong. He is also a fellow member of The Institute of Directors, United Kingdom and the Hong Kong Institute of Directors.

Tse started his career in IFS (HK) Ltd in 1990 before joining the Hong Kong Telecom Group (now known as PCCW Ltd) in 1992 where he held various positions culminating with a position as general manager of fixed mobile integration.

In 2004, he took up the position as chief operating officer of entities within the South China Group before leaving in 2007 to be the executive director and CEO of EPI Holdings Ltd, a company listed on the main board of the Hong Kong Stock Exchange. He resigned from these positions in 2016 but continues to provide consultancy services to EPI Holdings.

At midday market break today, shares of Scomi Group dropped 0.5 sen or 5% to 9.5 sen for a market capitalisation of RM91.22 million.

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