This article first appeared in The Edge Financial Daily, on March 2, 2016.

KUALA LUMPUR: Ready-mixed concrete, cement product and industrial gas manufacturer BIG Industries Bhd has appointed Tan Sri Dr Lau Ban Tin as its new chairman in place of Datuk Sawaludin Md Din, who has resigned due to health reasons.

In a filing with Bursa Malaysia, BIG Industries said Lau, who previously held the position of non-executive director, was redesignated to the new position yesterday.

Lau, 60, was a pioneer in setting up Tawakal Hospital in Kuala Lumpur and was the financial consultant for the Bandar Tun Razak Project under Kuala Lumpur City Hall. 

Sawaludin, 66, joined an international corporation in 1974 for 17 years. He held the position of general manager, senior general manager and executive director in several companies such as Mezzanine Capital Sdn Bhd, Wembley Industries Holdings Bhd and Impsa (M) Sdn Bhd, it added.