Darco chief exec Thye Kim Meng to step down; new CEO and COO identified
MAINBOARD-LISTED Darco Water Technologies' chief executive officer (CEO) Thye Kim Meng will cease being the company's CEO, with his successor identified.
In a regulatory filing on Thursday, the water treatment company noted that it would like to express its appreciation to Mr Thye for his services and contributions, and that "a new CEO and chief operating officer (COO) has been identified, pending the completion of the necessary documents and declarations".
It added that further announcements will be made when the new appointments are confirmed.
In the interim, executive chairman, Wang Yaoyu, will serve as acting CEO from June 1, 2019 until the new CEO is appointed, the company said.
The counter last traded flat at S$0.41 on May 8.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Optus names National Broadband Network’s Stephen Rue as incoming chief
More than 90% of stablecoin transactions aren’t from real users, study finds
RBA to keep key rate at 12-year high as inflation stirs anew
Buffett praised Apple after trimming it, drops Paramount stake
Westpac net profit falls 16%, announces additional A$1 billion buyback
Worst days for China’s stock market may be over