
KUALA LUMPUR (May 30): 7-Eleven Malaysia Holdings Bhd (KL:SEM) on Friday announced that its non-independent non-executive chairman Datuk Farhash Wafa Salvador has resigned to pursue other interests.
His resignation comes a day after the convenience chain store group held its annual general meeting.
Farhash, 42, joined the board of directors of 7-Eleven Malaysia on Jan 3, 2023.
A former political aide to Prime Minister Datuk Seri Anwar Ibrahim and ex-PKR Perak chief, he currently holds directorships in four other public-listed companies, namely MMAG Holdings Bhd (KL:MMAG), Apex Equity Holdings Bhd (KL:APEX), Excel Force MSC Bhd (KL:EFORCE) and Key Alliance Group Bhd (KL:KGROUP).
In April, Farhash became a substantial shareholder in Key Alliance with his purchase of 6.8 million shares in the open market. He owns a 5.546% interest now.
7-Eleven Malaysia’s shares closed up 0.51% to RM1.98 a share on Friday, giving it a market capitalisation of RM2.3 billion.