Hextar Announces Board Appointment With Dato Eddie Now GCEO

Hextar Technologies Solutions has announced a major board reshuffle with the appointment of Y. Bhg Tan Sri Muhammad bin Ibrahim as its new Independent Non-Executive Chairman.

It also announced the appointment of Dato Ong Choo Meng (“Dato Eddie”) as the Group Chief Executive Officer and Executive Director and Mr Choo Joon Keong as the Group Deputy Chief Executive Officer and Executive Director.’

Tan Sri Muhammad was the 8th Governor of Bank Negara Malaysia, a position he held from 2016 to 2018. He joined Bank Negara in 1984 and was appointed as Assistant Governor in 2004, and Deputy Governor in 2010 until 2016 when he was appointed as Governor of Bank Negara. Tan Sri Muhammad’s appointment follows the resignation of Datuk Iskandar bin Sarudin as Independent Non-Executive Chairman of the Company. Datuk Iskandar was appointed to the Board in April 2015 as an Independent Non-Executive Director and was redesignated as Independent Non-Executive Chairman of the Company in November 2020.

Dato Eddie is the major shareholder of the Company and has been instrumental in directing the business growth as well as investment and expansion strategies of the Hextar group of companies over the past 18 years. Under his leadership, Hextar group grew at an accelerated pace and now holds substantial stakes in 9 listed companies with a combined market capitalisation of over RM8bn. He was previously the Executive Director of Hextar Global Berhad as well as the non-independent non-executive director of Hextar Industries Berhad and Hextar Healthcare Berhad (formerly known as Rubberex Corporation (M) Berhad) respectively. He recently relinquished his directorships in these companies.

Mr Choo is a career banker and last held the position of Chief Executive Officer for the Malaysian subsidiary of a Thailand based regional bank. He brings with him vast experience and knowledge in banking and an established business network having served in a broad spectrum of managerial and leadership positions for over 30 years.

On his decision to accept the appointment as Independent Non-Executive Chairman of HexTech, Tan Sri Muhammad said “when Dato Eddie approached me with his business proposition and asked for my support and guidance, I felt that the idea and concept he espoused are forward-looking and practical, so I agreed to take on the role and be part of something special.”

Together with Datuk Iskandar’s resignation, the Company also announced that Mr Teh Li King has stepped down from his position as Non-Independent Non-Executive Director.

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