KUALA LUMPUR (April 15): Suhaimi Badrul Jamil is resigning from his chief executive officer (CEO) position at TH Heavy Engineering Bhd, effective July 1, 2020, to pursue other interests and opportunities.

According to a filing with the bourse, Suhaimi tendered his resignation on April 1, and the company accepted his resignation on April 15. His last day in office will be June 30, as his resignation will take effect on July 1.

“The executive committee will be overseeing the company’s operations in the interim until a new replacement is identified,” TH Heavy said.

Suhaimi was first appointed as the chief financial officer of the company on Dec 2, 2013. He was later appointed as CEO on Sept 1, 2016 — replacing Nusral Danir who had resigned, citing personal reasons — before being designated as CEO cum CFO.

On July 3, 2018, Suhaimi relinquished his position as CFO and was redesignated as CEO.

Suhaimi started his career with HRM Arthur Andersen, Chartered Accountants in the audit and financial consulting department.

He then left to join the corporate world and was appointed the group financial controller, group general manager and finally group executive director for a Malaysian conglomerate, whose activities included property development, transportation, insurance and banking, plantation, construction, manufacturing and investment holdings, according to TH Heavy.

He then went on to start his own business and has been involved in various startups covering diverse areas including education, international trading, agriculture, manufacturing, mining and private equity.

He was also a special administrator for Pengurusan Danaharta Nasional Bhd.

TH Heavy shares fell 0.5 sen or 7.14% to 6.5 sen today, giving it a market capitalisation of RM72.89 million.