| Company Name | : | FAVELLE FAVCO BERHAD |
| Stock Name | : | FAVCO |
| Date Announced | : | 15 May 2014 |
| Category | : | Change in Boardroom |
| Reference Number | : | CC-140417-67983 |
Change in Boardroom
FAVELLE FAVCO BERHAD
| Date of change | 15/05/2014 |
| Name | Tuan Haji Mohamed Taib Bin Ibrahim |
| Age | 89 |
| Nationality | Malaysian |
| Designation | Chairman |
| Directorate | Independent & Non Executive |
| Type of change | Resignation |
| Reason | Retirement |
| Details of any disagreement that he/she has with the Board of Directors | No |
| Whether there are any matters that need to be brought to the attention of the shareholders | No |
| Qualifications | Tuan Haji Mohamed Taib bin Ibrahim (“Tuan Haji) graduated with Senior Cambridge, Certificate of Education in year 1941 from Kirby College Liverpool. |
| Working experience and occupation |
In 1967, he ventured into the private sector and helped set up Federal Flour Mills Berhad. His last position in Federal Flour Mills was as an Administrative Manager and Alternate Director. He was also the Chairman of Kuantan Flour Mills Bhd in 1984. His foray into the marine industry started in 1969 when he was appointed the first company secretary of Malaysian International Shipping Corporation. In 1977, he was nominated to lead Johor based Malaysian Shipyard and Engineering Bhd as the Company’s President and Chief Executive Officer which he later relinquished in 1988. He is the co-founder of Muhibbah Engineering (M) Bhd ("MEB"), the holding company and had been an Independent Non-Executive Director of MEB since its inception on 4 September 1972. He was later appointed as Chairman of MEB on 22 May 1973. Tuan Haji was appointed as a Director of FFB on 15 September 1995. On 10 May 2004, he was appointed as the Independent Non-Executive Chairman and Chairman of the Audit Committee. He was appointed as Chairman of Remuneration Committee. |
| Directorship of public companies (if any) | Nil |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Direct Interest: 445,471 ordinary shares of RM0.50 each in FFB Indirect Interest: 2,316,400 ordinary shares of RM0.50 each in FFB held by his family |
Remarks :
Tuan Haji shall cease to be the Chairman of the Board of Directors, the Chairman of the Audit and Remuneration Committees and a member of the Nominating Committee of the Company following his resignation as Director of the Company effective 15 May 2014.