CHANGJIANG Fertilizer Holdings on Wednesday said it has appointed Daniel Long Chee Tim, 45, as interim CEO, while it continues with its search for a suitable candidate for the role.
"As the company is looking at a few possible options towards reviving the company from a business perspective, the board is of the view that the company should be led by a CEO. In this regard, the board notes that the existing state of the company makes it challenging to attract or find a suitable candidate to be its CEO," it said in a filing to the Singapore Exchange (SGX).
With the appointment, Mr Long has also been re-designated as an executive director, from a non-executive non-independent director previously. He will also cease to be a member of the audit and remuneration committees.
"Currently, the company does not have a CEO, and no suitable candidate has been identified," the company noted. It picked Mr Long to take the spot after considering his experience and track record.
While the company continues with its search for a suitable candidate for the role of CEO, the board has decided to have Mr Long act as CEO in the interim. He will take charge of the day-to-day operations of the company and lead its strategic direction.
Changjiang Fertilizer has been classified as a cash company since April 14, 2015. Trading in its securities has been suspended until Changjiang has a business which is able to satisfy SGX's requirements for a new listing.
Last November, barely two months after the departure of its former CEO Soh Chun Bin, its chief financial officer Kelvin Ho also resigned to "pursue other career options".