‘Iron Lady’ Rafidah resigns from Supermax following Stanley Thai’s apology to Najib: Report, Business Insider

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File photo: Former international trade minister Rafidah Aziz (left) resigned from Supermax after its former managing director Stanley Thai made comments relating to his involvement in GE13.
Berita Harian

Former International Trade and Industry minister, Tan Sri Rafidah Aziz has resigned as independent and non-executive chairman at glovemaker Supermax Corp Bhd.

A statement to Bursa Malaysia said the 75-year-old resigned due to personal reasons.

Rafidah, who is the current chairman of AirAsia X Bhd, was known as the ‘Iron Lady’ of Malaysia during her time in politics.

According to reports, Rafidah, who has held the position at Supermax since 2015, chose to resign after its former managing director Datuk Seri Stanley Thai issued comments apologising for his involvement in the previous Malaysian General Election.

News website Malaysiakini reported that Rafidah had resigned as a follow-up to the statement made by Stanley Thai.

“Pursuant to the ‘apology’ by Stanley Thai to the (caretaker) Prime Minister for whatever he did during the 13th General Election (GE13), I have resigned from serving as a director of Supermax Corporation and as the chairperson, with effect from April 14,” the website quoted her as saying.

Thai had on Saturday released a statement saying that he was influenced by opposition propaganda in GE13, and “truly regretted” getting involved in politics as a businessman.

He also apologised to Prime Minister Najib Razak in the same statement.

Thai, who was sentenced to a five-year jail term after being convicted of insider trading in 2014, is currently appealing his conviction.

Following Rafidah’s resignation, Supermax shares rose 5% to RM2.73 on Monday (Apr 16) morning, The Edge reported.

 



Source

Business News

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