KUALA LUMPUR: Berjaya Corp Bhd (BCorp) has appointed Abdul Jalil Abdul Rasheed as its new chief executive officer effective today.
Jalil will take over the post from Datuk Sri Robin Tan Yeong Ching who will assume the role of executive deputy chairman of BCorp.
"Going forward, the new group chief executive officer will be working together with BCorp executive chairman 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 strategic decision making and planning the future business direction of the BCorp group," the company said in a statement today.
The new appointments were made to transform the company into an institutionalized corporation, managed by professionals.
Jalil's mandate will be to re-look at BCorp's corporate structure, optimise financial and human resources, improve synergies and efficiency, enhance corporate governance and transparency, streamline the various BCorp's businesses to create and enhance shareholder value and to transform the company into a high performing organisation.
Jalil was formerly the president and group chief executive officer of Permodalan Nasional Bhd (PNB), Malaysia's national unit trust manager.
He brings 18 years of investment and business leadership experience, having worked in the UK, USA, Malaysia & Singapore with the global investment firms, Aberdeen Standard Investments and Invesco Ltd.
Besides investment experience, Jalil also brings with him many years of experience in working with large corporations and Boards on corporate governance and instilling operational effectiveness and excellence.
Jalil said he is delighted to be joining BCorp as group chief executive officer, after several months of discussion with Vincent Tan.
"We both agree that the group is very undervalued, and has many good assets that can be optimized and realized to enhance value for shareholders.
"It's a privilege and honour to have been given such a huge responsibility as the first non-family member to run the group, a statement of intent of the changes we will see within the group in the near future," he added.