KUALA LUMPUR: HeiTech Padu Bhd founder's daughter Salma Nadia Mohd Hilmey has voluntarily resigned as its group managing director and group chief executive officer, with the resignation to be effective Dec 31, 2024.
According to Bursa Malaysia Securities' filings, a former executive vice president and head of business development of Malayan Banking Bhd Hasrul Azuan Mohd Yusof will take over as CEO.
He was appointed on Monday, Dec 23, 2024.
HeiTech Padu's share price hit a high of RM3.08 before falling to RM3.02 a share following the news.
It has a market capitalisation of about RM336 million.
"The board of directors of HeiTech Padu wishes to announce that Salmi Nadia, group managing director and group chief executive officer of the company have entered into a Settlement Agreement for Mutual Separation of Service dated Dec 23, 2024," the filing said.
She assumed the role on April 3, 2024.
Salmi Nadia intends to pursue other opportunities and interests.
Salma Nadia is the daughter of the HeiTech Padu's founder and deputy executive chairman Datuk Seri Mohd Hilmey Mohd Taib.
He holds a 17.8 per cent interest in the company.
MyEG Services Bhd holds a 16.3 per cent interest while Rosetta Partners Sdn Bhd 22.5 per cent interest in the company.