KUALA LUMPUR (Feb 26): Star Media Group Bhd has appointed Alex Yeow Wai Saw as its new chief executive officer (CEO) effective March 1.
In bourse filings today, the group said Yeow will fill the position left vacant for nine months following the departure of former CEO Andreas Vogiatzakis on May 16 last year.
Yeow had previously served as group CEO and executive director of property developer Tropicana Corp Bhd. He was also non-executive director of Hafary Holdings Ltd, managing director and executive director at Guocoland (Malaysia) Bhd and executive director of Tower Real Estate Investment Trust (REIT).
Star Media also announced that the temporary special committee comprising non-executive directors Datuk Fu Ah Kiow, Datuk Dr Mohd Aminuddin Mohd Rouse and Chan Seng Fatt — will disband with immediate effect now that Yeow has been appointed as CEO.
The committee was put in place last year to run the group until a suitable candidate was found for the CEO’s office.
For the financial year ended Dec 31, 2020, Star Media posted a net loss of RM19.72 million or loss per share of 2.71 sen against a net profit of RM5.68 million or earnings per share of 0.77 sen in the previous year. Revenue fell 37.83% to RM196.42 million from RM315.93 million.
At noon market close, shares in Star Media were down 2.82% or a sen to 34.5 sen, valuing it at RM254.8 million. It saw 2.49 million shares traded.