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BUSINESS

Parkson Retail Group acting CEO Zhou Jia re-designated as CEO

30/06/2022 06:51 PM

KUALA LUMPUR, June 30 (Bernama) -- Parkson Holdings Bhd’s Hong Kong-listed subsidiary Parkson Retail Group Ltd (PRGL) will re-designate acting chief executive officer Zhou Jia as the PRGL group’s chief executive officer (CEO) with effect from July 1.

Zhou was appointed acting CEO on Jan 1, 2022, it said in a filing with Bursa Malaysia today.

“Pursuant to the employment agreement, he is entitled to an annual remuneration of 2.41 million Chinese renminbi (1 renminbi = RM0.66) (inclusive of salary, allowance and fixed bonus) and discretionary bonus.

“His remuneration is determined with reference to his background, duties, responsibilities and contributions to the group, the company’s remuneration policy and the prevailing market situation,” PRGL announced to the Hong Kong stock exchange earlier.

PRGL also said there was no service contract entered into between Zhou and the company regarding his re-designation as the group’s CEO.

-- BERNAMA


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