Sarawak Cable Berhad has informed that its group chief executive office Russell Walter Boyd has resigned with immediate effect citing personal reasons.
Russell joined the group in April 2023 succeeding Joseph Nixon Lourdesamy who was the acting CEO.
The cable and wires manufacturer said Russell, a British citizen with permanent residency in Malaysia, brings a wealth of experience in finance, capital market transactions, and operationally-focused value creation with his time at firms such as Navis Capital and Creador.
However leaving after just over a year does not bode weill for the group which has placed under judicial management afte it failed to secure financial aid or a white knight.