YTL executives appointed to Lafarge Malaysia board while CEO resigns

Yeoh Khoon Cheng has resigned as CEO of Lafarge Malaysia although he will stay on as the group’s executive director.

In addition, Lafarge Malaysia Vice Chairman, Martin Kriegner, and non-independent and non-executive directors John William Stull and Datuk Tan Pei Ling have also resigned.

In a separate move, several YTL Corp Bhd executives have been appointed to the company’s board. YTL Corp Executive Chairman, Tan Sri Dr Francis Yeoh, and Managing Director, Datuk Yeoh Seok Kian, have been made executive directors of Lafarge Malaysia. Other members of the Yeoh family appointed to the board as executive directors are Datuk Yeoh Soo Keng and Datuk Yeoh Seok Hong.

YTL Cement, part of YTL Corp, completed the acquisition of a 51 per cent stake in Lafarge Malaysia on 18 May.