Karen Technology (SGX:K29) said Desmond Leung Yiu Chown has stepped down as the company's chief technology officer and head of the IT infrastructure division, effective Oct. 1.
Chown will now transition into the role of an executive consultant, according to a filing with the Singapore Exchange on Monday.
Meanwhile, the group has decided not to pursue an immediate replacement for the vacant CTO position with a management reorganization to be prioritized.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.