PETALING JAYA: Datuk Shahril Ridza Ridzuan has taken over as the new chief executive officer of the Employees Provident Fund (EPF) for a two-year term effective Tuesday.
He succeeds Tan Sri Azlan Zainol, who was first appointed CEO on Apr 16, 2001.
Shahril first joined the EPF on Dec 1, 2009 as its deputy CEO (investment), where he was responsible for the organisation's investment strategy and policy.
"Together with Azlan, as part of a long-term diversification strategy, he strengthened (EPF's) overseas investments, from 5.96% of total investment assets (or RM22.39bil) in 2009 to 17.21% (RM85.7bil) currently," the EPF said in a statement.
It added that Shahril, formerly managing director of Malaysian Resources Corporation Bhd, was responsible for developing KL Sentral into one of the main commercial centres in Malaysia
He was named Property CEO of the Year by FIABCI Malaysia in 2009.
Shahril holds a master of arts from Cambridge University and had also served in Pengurusan Danaharta Nasional Bhd, where he was involved in corporate recovery and credit restructuring following the 1997 Asian financial crisis.