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Change In Boardroom

BackAug 01, 2007
Date of change
:
 01/08/2007
Type of change
:
 Redesignation
Previous Position
:
 President & Chief Exec. Officer
New Position
:
 Chairman & Executive Director
Directorate
:
 Executive
Name
:
 Tan Sri Dr Chen Lip Keong
Age
:
 60
Nationality
:
 Malaysian
Qualifications
:
 Graduated in medicine and surgery from University of Malaya in 1973 (M.B.B.S. Malaya)
Working experience and occupation
:
Tan Sri Dr Chen has more than 30 years of corporate, managerial and business experience since 1976. He was appointed to the Board of FACB Industries Incorporated Berhad ("FACBII") as President & Chief Executive Officer on 3 August 1994 and is a major shareholder of FACBII. Currently, he is also a director of Karambunai Corp Bhd, Petaling Tin Berhad and Nagacorp Ltd
Directorship of public companies (if any)
:
Karambunai Corp Bhd
Petaling Tin Berhad
Nagacorp Ltd
Family relationship with any director and/or major shareholder of the listed issuer
:
Puan Sri Lee Chou Sarn is the spouse of Tan Sri Dr Chen Lip Keong, and Mr Chen Yiy Hwuan and Mr Chen Yiy Fon are their sons
Details of any interest in the securities of the listed issuer or its subsidiaries
:
FACB Industries Incorporated Berhad
Ordinary shares - 12,000,000 (direct), 4,925,000 (indirect)

Remarks
In line with the Group's succession plan, Tan Sri Dr Chen Lip Keong relinquishes his position as Chief Executive Officer and assumes the position of President and Chairman of the Company.

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