KUALA LUMPUR: New plantation and commodities minister Johari Ghani, 59, has resigned as CI Holdings Bhd chairman following his appointment to the Cabinet today.
In a filing with Bursa Malaysia, CI Holdings said Johari would also cease to be a member of the company’s nomination and remuneration committee following his resignation as the non-independent non-executive chairman.
“The company’s director Megat Joha Megat Rahman, 60, who has 0.62% direct interest in the company, has been re-designated as the non-independent non-executive chairman,” CI Holdings said in a separate filing with the exchange today.
CI Holdings is primarily involved in the manufacturing and packaging of edible oils.
According to the company’s annual report for the financial year ending June 30, 2023 (FY2023), Johari is the company’s single largest shareholder holding 53.4 million shares, or 32.96% indirect interest in the company, via JAG Capital Holdings Sdn Bhd.
The annual report said Johari was appointed to the board on March 6, 2019, and was re-designated as non-independent non-executive chairman on May 30, 2019.
Johari, who served as second finance minister from 2016 to 2018, was appointed as the new plantation and commodities minister during a Cabinet reshuffle today. - FMT
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