Goldtron Limited appoints Chandran Nantha Kumar as Chairman

Kumar earlier assumed the company's CEO post last August 26.

The Board of Directors (the “Board”) of Goldtron Limited (the “Company”) announced the appointment of Mr Chandran Nantha Kumar as the Chairman of the Board of Directors with effect from 16 September 2011, in place of Dato’ Mokhzani Bin Mahathir who resigned as a Non-Executive Director of the Company on 8 August 2011. 

Upon Dato’ Mokhzani Bin Mahathir’s resignation as a Non-Executive Director, he also stepped down as Non-Executive Chairman of the Board and as a member of the Audit Committee. 

The appointment is intended to promote effective corporate governance as the Chairman of the Board, Mr Chandran Nantha Kumar, had assumed a management oversight role, following his appointment as Chief Executive Officer on 26 August 2011 following the resignation of Mr Ong Soon Kiat on 25 August 2011 as an Executive Director and Chief Executive Officer of the Company. 

Upon Mr Ong Soon Kiat’s resignation as an Executive Director and Chief Executive Officer, he also stepped down as a member of the Nominating Committee and the Remuneration Committee.