Current CEO will remain until Jun 13, 2025, to ensure a smooth transition of duties and responsibilities
NANOTECHNOLOGY solutions provider Nanofilm Technologies has appointed its founder Shi Xu to be its incoming CEO from Jan 1 next year, after its current CEO Gary Ho resigned after more than four years at the helm.
Although Ho has resigned to pursue other interests, he will remain with Nanofilm until Jun 13 next year to ensure a smooth transition of his duties and responsibilities, said the company in a bourse filing on Friday (Dec 20).
He will also step down as a member of the board’s risk committee.
The board decided that Shi is the best candidate to assume the role of CEO, given his leadership experience and deep expertise.
As the founder, Shi served as CEO between 1999 and 2017 as well as interim CEO for six months in 2021 during a transitional period.
Shares of the company fell 2 per cent or S$0.015 to end at S$0.73 on Friday.
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