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KUALA LUMPUR: Berjaya Corp
Bhd has appointed Abdul Jalil Abdul Rasheed, former head of Permodalan Nasional Bhd, as its new CEO as of today.
He is the first “non-family” member to lead Tan Sri Vincent Tan’s sprawling business empire.
Jalil, 38, will take over from Datuk Sri Robin Tan Yeong Ching, who will take over as Executive Vice President of BCorp.
“Moving forward, the new Group CEO will work alongside BCorp CEO Tan Sri Vincent Tan and Robin Tan as an executive committee, who together with the contributions of the Board members will be involved in all decision making. strategic and future business planning. BCorp Group’s direction, “the company said in a statement today.
Jalil brings with him 18 years of investment and business leadership experience, having worked in the UK, US, Malaysia and Singapore with global investment firms Aberdeen Standard Investments and Invesco Limited.
BCorp said that 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, streamline the Group’s various businesses to create and enhance value for shareholders and transform BCorp at a high level. executing organization.
“I am delighted to join BCorp as Group CEO, after several months of discussions with Tan Sri Vincent Tan,” said Jalil.
“We both agree that the Group is highly undervalued and has many good assets that can be optimized and realized to enhance shareholder value,” he added.
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