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PETALING JAYA: Berjaya Corp Bhd (BCorp) has appointed Abdul Jalil Rasheed (pix) as its new Group CEO, effective yesterday, following the promotion and reappointment of Datuk Sri Robin Tan Yeong Ching as Executive Vice President.
Jalil was previously Group Chairman and CEO of Permodalan Nasional Berhad (PNB), Manager of Malaysia National Unity Trusts, bringing with him 18 years of investment and business leadership experience, having worked in the UK, USA. ., Malaysia and Singapore with global investment firms. .
In a statement, BCorp said that Jalil will work alongside Executive Chairman Tan Sri Vincent Tan and Robin as an executive committee, who, along with contributions from government members, will be involved in all strategic decision-making and planning for the future commercial direction of the group.
“The new appointments were made to transform BCorp into an institutionalized, professional-led corporation. Jalil’s mandate will be to review BCorp’s corporate structure, optimize financial and human resources, improve synergies and efficiency, improve corporate governance and transparency, optimize the group’s various businesses to create and enhance shareholder value, and transform BCorp into a high performance organization ”. He said.
Jalil said he would join the group after several months of discussion.
“We both agree that the group is very undervalued and has many good assets that can be optimized and realized to improve shareholder value. Personally, I look forward to working with the various companies and my new colleagues to make Tan Sri’s vision of the future for their Berjaya group a reality.
“It is a privilege and an honor to have received such a great responsibility as the first non-family member to lead the group, a declaration of intent for the changes we will see within the group in the near future.”
Robin commented that he was eager to work with Jalil and the CEO to transform and take BCorp to the next level.
“With Jalil’s extensive experience and network in the investment field, we will also be able to enhance our investor relations and our corporate communications role with the business and investor community, and this will enhance the shareholder value of all of our shareholders”.
Meanwhile, Vincent said that after the latest Covid-19 pandemic and economic recession did not spare the Berjaya Group, both he and Robin had realized that it was time to simplify the way the organization is run.
“We need to review our various businesses, our strengths and weaknesses, and how to ensure that, going forward, we are prepared to meet the challenges of any external shock. I look forward to working closely with Robin and Jalil to achieve this goal and to put the group on a stronger footing for the future, ”he added.
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