(Alliance News) - PureCircle Ltd said Friday it has appointed James Ritchie as chief restructuring officer and interim chief financial officer with immediate effect.
The company, headquartered in Malaysia, in November said Rakesh Sinha was to step down as CFO. The company said at the time that Sinha agreed to remain with the firm for a handover period before leaving on January 31.
Also in November, the company added four new non-executive directors to its board.
Tan Boon Seng,Tan Sri Wan Azmi Wan Hamzah, Datuk Ali bin Abdul Kadir and Dato Robert Cheim Dau Meng all joined the firm.
This was after the company announced that Chief Executive Magomet Malsagov voluntarily agreed to stand down on a temporary basis, amid an ongoing accounting review which identified potentially improper transactions.
PureCircle shares are suspended from trading, pending the publication of its full-year results.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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