Blumont Group appoints new CEO
BLUMONT Group has appointed Lee Tak Meng as its new chief executive officer (CEO) with effect from Apr 17, it announced on Wednesday night.
Mr Lee, 60, was previously chief operating officer of Treasure Bay Bintan - Landmarks Berhad.
The outgoing CEO, Siaw Lu Howe, "has decided to relinquish his executive roles", said Blumont. He will be redesignated as a non-executive director and remains as chairman of the board.
"The Board and company would like to record its appreciation to Mr Siaw Lu Howe for his contributions as the CEO of the company in the past years and looks forward to his continued contribution as non-executive chairman," said Blumont. Mr Siaw, 50, had been executive chairman and CEO since December 2017.
Blumont shares closed unchanged at 0.2 Singapore cent on Wednesday before the announcement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call
Venture posts lower Q1 net profit of S$60.1 million on weaker demand
YHI International COO and subsidiary charged with alleged failure to ensure employee safety, causing death
India's markets regulator puts seven Adani companies on notice for violations
Singapore stocks end week in red; STI down 0.1%
UK's FTSE 100 hits record highs on Anglo-American boost