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Date : 27 October 2010

Change in Boardroom


Date of change

Type of changeRedesignation
Previous PositionNon-Executive Director
New PositionManaging Director
NameDr. Lai Chee Chuen
QualificationsHe obtained his professional qualifications from Chartered Institute of Management Accountants ("CIMA") in 1986 and Chartered Association of Certified Accountants ("CACA") in 1987. Subsequently, he obtained his Master of Business Administration and Doctor of Philosophy in Finance from City University Business School, London, United Kingdom ("UK") in 1992 and 1997 respectively. He has been an Associate of CIMA since 1991 and a Fellow of CACA since 1996. He has also been a member of the Chartered Institute of Marketing since 2000.
Working experience and occupation Dr. Lai was appointed to the Board of Baswell on 30 August 2002. He worked in UK for 11 years between 1985 and 1996. He gained substantial experience in financial services working as a Senior Financial Accountant with Barclays Mercantile Group. Whilst in the academia, he lectured in Finance and Accounting at London Business School and the City Banking College, London, UK. Upon his return to Malaysia in 1996, he joined Price Waterhouse (now known as PricewaterhouseCoopers) as Managing Consultant and was subsequently promoted to Executive Director in 1999 in the Corporate Finance and Investment Banking Division. He left in August 2000, to assume his position as Chief Executive Officer of Seloga Holdings Berhad. Subsequently, he resigned on 31 July 2002 as Chief Executive Officer but remained as Corporate Adviser of Seloga Holdings Berhad until 31 December 2003. On 26 August 2003, he was appointed as Independent Non-Executive Director of SR II Berhad. In 2009, he resigned as Independent Non-Executive Director of SR II Berhad.
Directorship of public companies (if any)Nil
Family relationship with any director and/or major shareholder of the listed issuerNil
Any conflict of interests that he/she has with the listed issuerNil
Details of any interest in the securities of the listed issuer or its subsidiariesNil

Remarks :
The redesignation of Dr.Lai Chee Chuen from Senior Independent Non-Executive Director to Managing Director/Chief Executive Officer took place with effect from 27 October 2010.

Announcement Info

Stock Name BASWELL    
Date Announced27 Oct 2010  
CategoryChange in Boardroom
Reference NoCS-101027-EC0B4


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