- TTA Holdings (TTA) announces the departure of CEO and Managing Director Mr Clive Chia from his post for undisclosed reasons
- Mr Chia is currently assisting the company with the transition and his resignation takes effect from April 18
- TTA has appointed Mr Ahamad Bin Abdullah as acting and interim CEO while the company looks to hire a suitable candidate for the position
- TTA shares hold steady at 4.5 cents per share at market close
TTA Holdings (TTA) has announced that CEO and Managing Director Mr Clive Chia has resigned from his post for undisclosed reasons.
Mr Chia, who became the CEO and Managing Director in 2019, has extensive experience in different industries and has held management positions with global consumer electronics, IT and telecommunication companies such as Motorola and Samsung.
TTA said that Mr Chia is currently assisting the company with the transition and his resignation will be effective from April 18.
In the meantime, TTA has appointed Mr Ahamad Bin Abdullah as acting and interim CEO while the company looks to hire from a pool of suitable candidates for the position.
TTA, through its subsidiary TEAC, distributes TEAC branded audio and visual consumer electronic products to retailers in Australia and continues to generate interest and sales in the market.
The company had reported its sales revenue for the December 2021 quarter was $1,275 million, $206 million less than the previous quarter.
TTA shares hold steady at 4.5 cents per share at market close.