Token Communities Ltd (TKCM)

[adijas]

TKCM huge RM with 2 billion dollar company

ITEM 5.02 – DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.



On April 2 nd , 2019, the majority Shareholders of the Company elected Mr. Manickam Mahalingam as Director and Chairman; Mr. Lalit Verma as Director, Chief Executive Officer, and President; and Dheeraj Jain as Chief Financial Officer and Director. At the same time, Mr. Alexander Lightman resigned his position as Chief Executive Officer, and has transitioned to Chief Technical Officer; and Mr. Peter Maddocks resigned his position as Chief Financial Officer; and Mr. Steven Knight resigned his position as Chairman of the Board and is now Vice Chairman under Mr. Mahalingam.



Manickam Mahalingam, 63, is Chair of the Sakthi Group, during his 25-year tenor he has been instrumental in developing it into a 1 Billion dollar conglomerate. In addition to spearheading the development of the automotive segment, he has also been pivotal to establishing multiple educational institutions. He has received several international awards for leadership and outstanding contributions in the automotive industry, and holds an MA from Madras University and an MBA from University of Michigan.



Lalit Verma, 40, is the CEO of Sakthi Automotive Group. He brings years of executive international experience working in India, Japan, China, Korea and the US. His expertise is in supply chain management and global purchasing at OEMs like GM, Honda and Bombardier. He has obtained his MA from Delhi College of Engineering and his MBA from the Institute of Management Technology in Ghaziabad, India.

Deeraj Jain, 39, is currently Director and CFO of ABT Auto Investment Ltd. He has previously held the post of Managing Director of Redcliffe Capital, focused on Leverage buyouts, M&A and Property Investments. He is also an active early stage investor and holds a robust portfolio of 35+ businesses mostly in India, Singapore and the USA. He previously held several posts at Nokia including CIO office, Markets Strategy and Global Finance for almost a decade. Before Nokia, he was a management consultant at Zensar Technologies (Fujitsu services JV) for British Gas, UBS, Cisco, amongst others. He is currently a guest lecturer at City University, London. Deeraj holds a computer science degree from Delhi University, as well as an Executive MBA from Cass Business School, London.


Website Sakhti Group http://sakthigroup.com/home.html 'The Sakthi Group is an 2.0 billion US$ Industrial Conglomerate and one of the fastest growing business groups in South India.'

https://en.wikipedia.org/wiki/Sakthi_Group