Reliance Pacific Bhd on Wednesday announced the resignation of its long-time chief executive officer Datin Irene Tan and the appointment of Datuk Md Wira Dani Abdul Daim, who recently emerged as a substantial shareholder, as its executive director.
In filings with Bursa Malaysia, the travel and tourism-based group said Tan, 61, would step down on Sept 30 while Dani, the 37-year-old son of former Finance Minister Tun Daim Zainuddin, was appointed effective immediately.
Tan, who was responsible for the development of the country’s first homegrown travel franchise under the Reliance brand, and her husband, Reliance founder Datuk Gan Eng Kwong, ceased to substantial shareholders of the company earlier this month. Tan’s deemed interest is currently 1.7%.
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In filings with Bursa Malaysia, the travel and tourism-based group said Tan, 61, would step down on Sept 30 while Dani, the 37-year-old son of former Finance Minister Tun Daim Zainuddin, was appointed effective immediately.
Tan, who was responsible for the development of the country’s first homegrown travel franchise under the Reliance brand, and her husband, Reliance founder Datuk Gan Eng Kwong, ceased to substantial shareholders of the company earlier this month. Tan’s deemed interest is currently 1.7%.
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