KUALA LUMPUR: Khazanah Nasional Bhd, the government’s investment arm, yesterday announced the restructuring of its board members with the appointment of three new directors.
The new directors are Minister in the Prime Minister's Department Datuk Mustapa Mohamed, former executive chairman of the Kuala Lumpur Stock Exchange Datuk Mohammed Azlan Hashim and chief executive of Symphony House Bhd and former chairman of Pengurusan Danaharta Nasional, Datuk Mohamed Azman Yahya.
They replace Tan Sri Dr Samsudin Hitam, Raja Datuk Zaharaton Raja Zainal Abidin, Che Khalib Mohamad Noh and Datuk Mohamad Haji Hasan (who resigned on March 24).
With the changes, the existing Khazanah’s board of directors comprise Prime Minister Datuk Seri Abdullah Ahmad Badawi (chairman), Mustapa, Second Finance Minister Tan Sri Nor Mohamed Yakcop, Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz, Datuk Hassan Kendut, Azlan and Azman.
The restructuring and reduction of the Khazanah board was first announced by Abdullah on May 14, citing that it represents efforts to make government-linked companies (GLCs) more effective.
He also said the changes were aimed at turning the government's premier investment vehicle into one of the biggest and most dynamic investment houses in the region. – Bernama
Did you find this article insightful?