Change in Boardroom
| GIIB HOLDINGS BERHAD |
| Date of change | 23 Feb 2021 |
| Name | MR TAI BOON WEE |
| Age | 60 |
| Gender | Male |
| Nationality | Malaysia |
| Designation | Executive Chairman |
| Directorate | Executive |
| Type of change | Others |
| Description | Resumption of role as Chief Executive Officer |
Qualifications
| No | Qualifications |
Major/Field of Study |
Institute/University |
Additional Information |
|
Diploma
|
Management/Marketing |
Stamford College |
|
| Working experience and occupation | Mr Tai Boon Wee (Mr Tai) joined Goodway Rubber Industries Sdn Bhd (now known as GIIB Rubber Compound Sdn Bhd) in 1989 as the Marketing Manager overseeing the international market. With his visionary leadership and outstanding performance, he was later appointed as the Operations Director in 1991 and subsequently assumed the position of Managing Director in 1994. He contributed immensely towards the Group's expansion from 1993 to 2003 by successfully leading a 10 years joint
venture project with Gummiwerk Kraiburg Produktions GmbH (GK), a German rubber compound entity, involving the transfer of technology know-how for the manufacturing of technical rubber and rubber compounds by GK to the Group. Mr Tai was the chief strategist for the overall market expansion of the Group globally.
He was instrumental in orchestrating the listing of GIIB Holdings Berhad ("GIIB") on Bursa Malaysia Securities Berhad in 2004 and appointed as the Chief Executive Officer and Group Managing Director of GIIB on 20 May 2004. He subsequently re-designated as the Executive Chairman of GIIB on 29 May 2020 and resumed the position of Chief Executive Officer of GIIB on 23 February 2021. |
| Family relationship with any director and/or major shareholder of the listed issuer | Mr Tai Boon Wee is the father of Mr Tai Qisheng (Executive Director) and Mr Tai Qiyao (Alternate Director to Mr Tai Boon Wee) |
| Any conflict of interests that he/she has with the listed issuer | N/A |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Direct - 27,708,114 ordinary shares Indirect - 10,121,902 ordinary shares by virtue of interest held through his children pursuant to Section 59(11)(c) of the Companies Act 2016 |
| Remarks : |
The Board of Directors of GIIB wishes to announce that following the re-designation of Mr Yee Wei Meng as Non-Executive Director on 17 February 2021, Mr Tai Boon Wee resumed the role as Chief Executive Officer of GIIB with effect from 23 February 2021. Mr Tai Boon Wee will continue to hold the position of Executive Chairman of the Board of Directors in addition to the position of Chief Executive Officer. The composition of the Board of GIIB is as follows: 1. Mr Tai Boon Wee (Executive Chairman cum Chief Executive Officer) 2. Mr Tai Qisheng (Executive Director) 3. Mr Wong Weng Yew (Executive Director) 4. Mr Yee Wei Meng (Non-Independent Non-Executive Director) 5. Mr Lew Sze How (Independent Non-Executive Director) 6. Dato Chan Season (Independent Non-Executive Director) 7. Mr Tai Qiyao (Alternate Director to Mr Tai Boon Wee) This announcement shall supersede the general announcement made on 23 February 2021 under reference number: GA1-10112020-00023. |
Announcement Info
| Company Name | GIIB HOLDINGS BERHAD |
| Stock Name | GIIB |
| Date Announced | 24 Feb 2021 |
| Category | Change in Boardroom |
| Reference Number | C03-24022021-00009 |