Originally Posted by
Snoopy
The shakeup has started, as announced to the stock exchange today:
"The PGG Wrightson Limited1 (PGW) Board today announced that it was appointing current director, Mr. U Kean Seng as Acting Chair effective from 4 July 2023. Mr. Lee Joo Hai would remain on the Board while relinquishing the Chair and independent director, Mrs. Sarah Brown would assume the role of Deputy Chair."
"While the PGW Board has not altered its preliminary view as expressed on 30 June, it has determined that it would be in the best interests of PGW for Mr. U to assume the role of Acting Chair while the investigations and charges relating to Mr. Lee remain ongoing. Further, the Chair’s role could also be well supported by current resident independent Director Mrs Brown as Deputy Chair."