KUALA LUMPUR (July 7): Serba Dinamik Holdings Bhd has appointed a former Bursa Malaysia Bhd official and a retired senior police officer as independent non-executive directors.
The oil and gas services provider said Siti Zaleha Sulaiman, the former head of corporate risk management of the stock exchange operator, has joined the group’s board effective today (July 7).
Siti Zaleha, 57, is also an independent non-executive director in Aimflex Bhd, the group said in a filing.
Joining Zaleha is the former Special Branch director Datuk Seri Mohamed Farid Abu Hassan.
The group said Siti Zaleha and Farid, 62, were also named as new members of the group’s audit, nomination and remuneration committees.
On June 25, five independent and non-executive directors of Serba Dinamik resigned from the board, with four of them citing differences in opinion with the group over the latter's decision to take legal action against Messrs KPMG PLT, its external auditor who has since resigned, following the lawsuit.
The four are Rozilawati Basir, Sharifah Irina Syed Ahmad Radzi, Tengku Datuk Seri Hasmuddin Tengku Othman and Hasman Yusri Yusoff.
The fifth director to resign, Masleena Zaid, cited "personal commitment" as the reason for her resignation.
Masleena was among three additional independent and non-executive directors that Serba Dinamik appointed to its board on June 14, following the group's dispute with KPMG over its audit issues. The other two were Datuk Mohamed Ilyas Pakeer Mohamed and Johan Mohamed Ishak.
Mohamed Ilyas was subsequently redesignated as chairman of the group on June 15, while then chairman Datuk Mohamed Nor Abu Bakar was made an independent director. Mohamed Nor then quit the board a few days later on June 19, citing personal reasons.
Shares in Serba Dinamik closed three sen or 5.88% lower at 48 sen today, giving the group a market capitalisation of RM1.79 billion. Year to date, the stock has fallen by 72.57%.