METECH International's Simon Eng has resigned as chairman and chief executive officer of the company, in view of its"new business direction and investment parameters", the Catalist-listed firm said in a bourse filing on Tuesday.Mr Eng will step down as chairman and CEO from March 3, but will remain as an executive director during the notice period to assist the company in its transition to a new management.
Metech is now in the process of searching for a suitable candidate for the CEO position and hopes to appoint one"as soon as possible". Separately, Liu Changsheng, who is currently a non-executive, non-independent director of the company, has been appointed as non-executive chairman from March 3. He has also been appointed as director of Nolash Tech, Metech's wholly-owned Chinese subsidiary.
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