KUALA LUMPUR (March 14): Healthcare industry supply chain management specialist Hong Seng Consolidated Bhd on Monday (March 14) announced the resignation of its executive director Kenny Khow Chuan Wah.

In a bourse filing, the company cited "to pursue his personal and other work commitments" as the reason for Khow's resignation.

Khow, who was appointed to the board in 2018, directly holds 10.32 million shares in Hong Seng.

As executive director, he oversees the company's financial affairs, including accounting, finance, tax and treasury, as well as human resources and other administrative duties, according to Hong Seng's 2021 annual report.

"He has more than 13 years of experience as an auditor with PricewaterhouseCoopers Malaysia, including a two-year secondment from the year 2004 to the year 2006 at PricewaterhouseCoopers London.

"His other work experience includes financial due diligence, advisory, and numerous cross-border securities offerings. He also sits on the boards of directors of MMAG Holdings Bhd and CSH Alliance Bhd (formerly known as KTG Bhd) as an executive director," said Hong Seng.

Hong Seng shares closed down seven sen or 2.21% to RM3.10 with some 3.63 million shares changing hands. Based on its closing price, the company is valued at RM7.92 billion.