Lai Chung Han, a non-executive independent director of Seatrium, will be stepping down from his position with effect from June 30.
Lai is also a member of the group’s corporate social responsibility committee. He was appointed to the board on Feb 23, 2023.
According to filings by Seatrium, Lai will step down as he will be assuming appointment as the permanent secretary (development) at the Ministry of Finance from July 1 onwards.
After Lai’s resignation, Seatrium’s board will comprise nine directors. Seven of them are independent directors.
“On behalf of the board and management, I would like to convey our deepest appreciation to Chung Han for his valuable contributions as a member of the board, and for all of the thoughtful insights he has provided as we chart the transformative journey for Seatrium. We wish him well in his future endeavours,” says Mark Gainsborough, chairman of the board.
Shares in Seatrium closed 4 cents higher or 2.35% up at $1.74 on June 10.
