JOHOR BARU: Five senior executives in the Johor Corp (JCorp) group have been identified to succeed current president and chief executive officer Tan Sri Muhammad Ali Hashim when he retires at the end of the year.
Topping the list are KPJ Healthcare Bhd managing director Datin Paduka Siti Sa’adiah Sheikh Bakir, Kulim (M) Bhd managing director Ahamad Mohamad and QSR Brands Bhd and KFC Holdings (M) Bhd managing director Jamaludin Md Ali.
Other candidates are JCorp senior vice-president Kamaruzzaman Abu Kassim and Sindora Bhd managing director Rozan Mohd Sa’at.
“I’ve proposed their names to the board of directors.
“The five candidates have been identified based on their capabilities, contributions and seniority in JCorp,’’ Ali, 63, told a press conference yesterday.
Siti Sa’adiah, 58, has served in JCorp for 36 years, Ahamad, 57, for 34 years, Jamaludin, 52, for 19 years, Kamaruzzaman, 46, for 18 years and Rozan, 51, for 27 years.
Ali said JCorp would hold a board meeting this month to be chaired by Johor Mentri Besar Datuk Abdul Ghani Othman, who is also JCorp chairman. Ghani would announce the name of the new CEO.
Ali said he had tendered to the JCorp board and state government notice of his intention to relinquish his position as JCorp CEO in six months from July 1.
He said it was time for him to hand over the baton to a new person after helming JCorp since 1982 when he took over from his predecessor Tan Sri Basir Ismail.
“Whoever is taking over (as new CEO), I’m confident that my successor will continue to spearhead and build JCorp into a leading conglomerate,” said Ali.
The six-month succession plan was appropriate, he said, adding that JCorp and its companies were not built by certain individuals but each of its workers was equally responsible for its success.
Under Ali’s leadership, JCorp has emerged as the most successful state corporation in the country with diversified business activities such as palm oil and olechemicals, quick service restaurants, healthcare, property and hotels and intrapreneur venture.
It has more than 280 companies in its stable, including eight public listed companies (PLCs) such as Kulim, KPJ, KFC Holdings and London Stock Exchange-listed New Britain Palm Oil Ltd. The group employs a total of 65,000 workers.
Turnover from its PLCs stood at RM8.4bil with market capitalisation of RM11.8bil as at June 30, compared with RM6.84bil and RM10.35bil as at Dec 31, 2008 and Dec 31, 2009 respectively.