The board of directors of F J Benjamin Holdings Ltd. announced that Mr. Frank Benjamin will step down as the Company's Non-Executive Chairman and as a member of the Nominating Committee of the Company with effect from 31 December 2022. He will relinquish all his Board responsibilities and will be appointed as Emeritus Chairman and Founder of the Company. In view of Mr. Frank Benjamin's extensive experience and expertise, he will also be appointed as Advisor to provide advisory and consulting services to the Board for a period of three years.

Following the above changes and with effect from 1 January 2023: Mr. Frank Benjamin will be appointed as Emeritus Chairman and Founder of the Company, and Advisor to the Board; Mr. Eli Manasseh Benjamin, the incumbent Executive Director and Group Chief Executive Officer of the Company, will be appointed as the Executive Chairman of the Company; Mr. Douglas Jackie Benjamin, the incumbent Executive Director and Group Chief Operating Officer of the Company, will be promoted to Group CEO of the Company; and Mr. Ng Hin Lee, the Lead Independent Director of the Company, will be appointed as a member of the Nominating Committee of the Company. Subsequent to the above-mentioned changes and with effect from 1 January 2023, the composition of the Board and the Nominating Committee of the Company shall be as follows: Board of Directors: Mr. Eli Manasseh Benjamin, Executive Chairman; Mr. Douglas Jackie Benjamin, Executive Director and Group Chief Executive Officer; Mr. Ng Hin Lee, Lead Independent Director; Mr. Liew Choon Wei, Independent Director; Mr. Yee Kee Shian, Leon, Independent Director. Nominating Committee: Mr. Yee Kee Shian, Leon Chairman; Mr. Liew Choon Wei, Member; and Mr. Ng Hin Lee, Member.

Frank Benjamin founded FJB in 1959, initially trading in photographic equipment. His big break came in the early 70s when he landed the Australian jean label Amco. Its success gave him the confidence to scale up the business and go for bigger western brands, many of which did not have a presence then as they considered Southeast Asia a small and insignificant market.

Mr. Benjamin eventually managed to convince Lanvin to appoint the Company as its exclusive franchisee and set up the first standalone mono Lanvin boutique at the Hyatt Hotel in 1974, a move which was initially met with widespread scepticism. Thereafter similar franchise deals were signed with Gucci, Fendi and other luxury brands. FJB soon ventured out of Singapore into several regional countries before going public in 1996.