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KUALA LUMPUR: Genting Malaysia Bhd said today that its president, Lim Kok Thay, has been reappointed as vice president and chief executive officer of the hotel and casino operator with effect from yesterday.
Alwi Jantan, the company’s independent vice president and non-executive director, was reappointed as president yesterday, the company said in a separate filing with Bursa Malaysia yesterday.
Alwi is 85 years old, while Lim is 69 years old, according to the documents.
Lim is also a member of the board of other companies in the Genting Group. He remains Chairman and CEO of Genting Bhd, CEO of Genting Singapore Ltd and Genting UK plc.
The company said Lim had held various positions within the group since 1976.
“He was CEO and Director of Genting Plantations Bhd until he resigned from his CEO position and assumed the role of Vice President and CEO on January 1 of last year.
“Lim is the Chairman and CEO of Genting Hong Kong Ltd, a Director of Philippings Travelers International Hotel Group Inc, an associate of Genting Hong Kong.
Genting Malaysia said Alwi joined Genting Malaysia on July 1, 1990 as Executive Vice President of Public Affairs and Human Resources. He was reappointed as CEO on July 2, 2007 before his retirement in 2009.
“Alwi was appointed CEO of Genting Malaysia on August 10, 1990. He was reappointed as an independent non-executive director on July 1, 2011.
“Alwi retired as an independent non-executive director of Genting Malaysia at the conclusion of the 37th Annual General Meeting (AGM) of Genting Malaysia held on May 31, 2017 pursuant to Section 129 of the Companies Act 1965.
“On the same day, he was appointed Independent Non-Executive Director of Genting Malaysia pursuant to a resolution of the Board of Directors of Genting Malaysia dated May 31, 2017. On January 1, 2019, Alwi was appointed Vice President / Non-Executive Director independent of Genting Malaysia, ”Genting Malaysia said.
At the time of writing, Genting Malaysia’s share price had risen nine sen or 4.04% to RM 2.32, with a market value of RM 12.61 billion. The shares saw some eight million shares trade.
