Thursday 14 Nov 2024
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KUALA LUMPUR (April 7): Tan Sri Krishnan Tan has resigned as a non-executive director of IJM Plantations Bhd due to heavy commitments and involvement in other boards, the group said today.

Krishnan, 68, who had served as non-executive director since December 1993, will be replaced by his brother Velayuthan Tan effective today.

In a filing with Bursa Malaysia, IJM Plantation said Velayuthan, 66, had retired as the CEO and managing director of IJM Plantations in May 2010.

He was previously with Multi-Purpose Holdings Bhd for five years as assistant manager, before joining IJM Corporation Bhd in 1985.

IJM Plantations shares fell three sen or 1.73% to RM1.70 today, valuing the group at RM1.5 billion.

Edited ByS Kanagaraju
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