Friday, September 30, 2011

Andrew Sheng resigns from Sime Darby board, joins Fung Global

KUALA LUMPUR: Tan Sri Andrew Sheng Len Tao has resigned from the board of Sime Darby and as chairman of the governance and audit committee of the board, with effect from Thursday, Sept 29.

'Tan Sri Sheng has resigned from the board in light of his appointment as the president of the Fung Global Institute in Hong Kong,' the conglomerate said on Friday.

He was appointed to the board of Kumpulan SIME DARBY BHD [] on March 1, 2006, prior to the merger of Kumpulan Sime Darby Bhd, Kumpulan Guthrie Bhd and Golden Hope PLANTATION []s Bhd.

In November 2007, post merger, Sheng served as a senior member of the board, chairman of the supervisory committee of Sime Darby's industrial division, and member of the board's risk management committee, audit committee and remuneration committee.

He was also on Sime Darby board's strategy taskforce and China operations committee. In October 2009, he was appointed the chairman of the oil & gas projects work group which was entrusted to look into the issues facing the group's energy & utilities division.

In 2011, after a group-wide reorganisation, Sheng retained his position on the board of Sime Darby and was appointed the chairman of the board's governance & audit committee.

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