Premium Nutrients CEO resigns/retires, why?

Update
I have been informed (but cannot verify) that Mr. Rajalingam resigned to concentrate on other matters. Whatever it is, we wish him well.
End Update

It's called a retirement but for higher managerial position the notice period can be 3-6 months for a retirement/resignation so that a replacement can be found.
I believe Mr. Rajalingam was hired to shake up the company and improve its operations. I think he has/was been doing that, judging by the company financials. The question is, why did he resign/retire so soon?


Change in Chief Executive Officer
Reference No CP-080829-35134
Company Name : PREMIUM NUTRIENTS BERHAD
Stock Name : PREMIUM
Date Announced : 29/08/2008
Date of change : 31/08/2008
Type of change : Retirement
Name : RAJALINGAM A/L RVR SINGAM
Age : 57
Nationality : MALAYSIAN
Qualifications : CA (M) FCCA
Working experience and occupation : MORE THAN 30 YEARS IN FINANCE, AUDIT OR GENERAL MANAGEMENT
Directorship of public companies (if any) : NONE
Family relationship with any director and/or major shareholder of the listed issuer : NONE
Details of any interest in the securities of the listed issuer or its subsidiaries : NONE

Remarks
Mr. Rajalingam a/l RVR Singam retires as Chief Executive Officer of the Company with effect from 31 August 2008. He has been appointed as Advisor of the Company effective 1 September 2008. The powers, roles and responsibilities vested in him as Chief Executive Officer will be passed on to Mr. Tharumarajah a.l Thillarajh, Managing Director of the Company effetive 1 September 2008.

© 2008, Bursa Malaysia Berhad. All Rights Reserved.


From the 2006 Annual Report


Mr. Rajalingam a/l RVR Singam, a Malaysian, aged 55, was apponted as Chief Executive
Officer of the Company on 1st January 2007. He has more than 30 years of experience in
the areas of auditing, accounting, financial management and business entrepreneurship.
Mr. Rajalingam is a Fellow of The Chartered Association of Certified Accountants (FCCA),
a Chartered Member of the Malaysian Institute of Accountants (MIA) and a Chartered
Member of the Institute of Internal Auditors (CMIIA). He has experience in the plantation
and property sector having had served in two public listed companies at senior positions
prior to his present appointment.

The new CEO, also from the same annual report

Tharumarajah a/l Thillarajah, a Malaysian, aged 60, was appointed to the Board and
assumed the position of Managing Director with effect from 2nd May 2007. He did the
external professional course in mechanical engineering, Council of Engineering Institute
(U.K.) at University Technology Malaysia. He commenced his working career with Sime
Darby Plantation in 1971 as Trainee Engineer and held several senior management positions
within this company before retiring in 2001 as General Manager of Kempas Edible Oil,
a leading manufacturer of edible oils and fats. He has extensive experience in General
Management and internal marketing of edible oils and fats. From 2001 to date of joining
the Board, he was employed as Chief Executive Officer of local Engineering Company who
were the exclusive agents of Silikel Germany specializing in industrial flooring system.


They were both hired to clean the company up after the travails of the previous managing director. It is sad/disappointing to see one of them go after 1 year 8 months. Does anyone know why he resigned/retired?

As I mentioned is a post script in my previous post, the just released cumulative quarterly result is a big improvement over last year, especially in a tough economic climate as we are all currently facing.

P.S - And of course we wish him well.