KUALA LUMPUR (March 6): Datuk Lau Beng Wei has resigned as an independent non-executive director of Tenaga Nasional Bhd with effect from Monday (March 6).

Lau, who was appointed to the role starting Dec 1, 2021 for a two-year period, resigned to “pursue other interest”, according to TNB’s filing with Bursa Malaysia.

Lau, 57, had started his career with TNB, where he has held various positions from 1990 to 2003.

He was a member of the Companies Commission of Malaysia from 2012 to 2014.

On Jan 13 this year, Stella Holdings Bhd appointed Lau as its executive deputy chairman. He holds a direct interest of 22.4% and indirect interest of 12.11% in Stella.

TNB’s share price closed six sen or 0.64% lower at RM9.34 on Monday, giving the group a market capitalisation of RM53.73 billion.