HONG KONG, Nov. 1, 2004 (PRIMEZONE) -- Highway Holdings Limited (Nasdaq:HIHO) today announced the appointment of Mark Majzner as a director of the company, replacing David Tamir who resigned for health reasons.
"Mark is extremely knowledgeable about the company, having previously served as this company's chief financial officer and corporate secretary. We are committed to sound corporate governance and Mark's independent financial expertise and broad experience will be invaluable to the company," said Roland Kohl, president and chief executive officer of Highway Holdings.
Kohl expressed his gratitude to David Tamir for his many years of service and commitment to Highway Holdings. "While we are disappointed that David has elected to retire as an active director of the company, we appreciate that his health and recovery must be his primary focus. We wish him all the best," Kohl said.
Majzner, 38, is currently managing director and founder of Antipodes Premium Wines AB, a registered importer of alcohol with a particular focus on fine Australian wines and a pioneer in distribution of wine in Sweden through wine clubs. He previously served in Stockholm as the business affairs director for Naxos Group, the world's leading independent classical music CD-company based in Hong Kong and comprised of two holding companies and 15 international operating subsidiaries. His responsibilities included group chief financial officer, business development, licensing, digital services, legal and risk management, corporate governance and tax and structural planning. Earlier he served as interim chief executive officer for Virionyx Corporation, a New Zealand- and Australia-based biotechnology company conducting FDA trials for a HIV/AIDS therapeutic. His career experience includes serving as chief executive officer of Milestone Ventures Australia Pty Ltd, an e-commerce development company, and managing director of US Capital Consultant Pty Ltd., a business consulting firm focused on providing services to companies interested in cross-border expansion to the U.S.
Majzner served as chief financial officer and corporate secretary of Highway Holdings from October 1994 through May 1997, and was responsible for managing the company's initial public offering in December 1996. Majzner began his professional career as a cadet journalist with West Australian Newspapers in Perth, Australia. Later he was promoted to property editor and a financial reporter.
He attended the University of Western Australia, Curtin University of Technology School of Journalism, Edith Cowan University and graduated with distinction from Stockholm University's International Executive Master of Business Administration program.
About Highway Holdings
Highway Holdings produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies and finished products. It also manufactures clocks, clock movements and watches for sale under the company's own Kienzle Uhren brand name, as well as for unaffiliated companies. Additionally, Highway Holdings manufactures or produces other finished products, including single-use and 35mm cameras and certain electronic products. Highway Holdings is headquartered in Hong Kong and operates manufacturing facilities in Shenzhen province of the People's Republic of China.