Two veteran Olam directors stepping down

Singapore

AS PART of a formal board succession plan that was put in place in July this year, two of Olam International's longest-serving board directors will be stepping down after the commodities group's annual general meeting (AGM) on Oct 30.

The changes, announced by Olam yesterday, will also see the appointment of a new independent director.

Andy Tse Po Shing, who has served on the board for 11 years, will vacate his seat as non-executive and independent director.

Sridhar Krishnan, who has been on the board for more than 15 years, will relinquish his appointment as executive director. But he will remain with the company as senior managing director and regional head for Australia, Asia, the Americas and…