The power giant said on Monday IAG is a new division that will deliver new growth prospects from the company’s overseas ventures.
Shahazwan is currently the chief strategy and transformation officer of Bursa Malaysia-listed UEM EDGENTA BHD.
He has about 23 years of experience in investments, mergers and acquisitions, portfolio and asset management, as well as corporate strategy and restructuring.
A TNB scholar, Shahazwan joined the power giant in 1996 for four years. Thereafter, he worked at PA Consulting Group, Boston Consulting Group and Khazanah Nasional Bhd.
Throughout his career at Khazanah (from 2005 to 2016), Shahazwan had worked across Asia and Europe.
Post-Khazanah, he sat on the board of Cenviro, Opus International Consultants Ltd (listed on the New Zealand Stock Exchange) and UEM Edgenta Bhd; and had assumed advisory roles in Bain & Co (KL/SEA) and Temasek International (on Sustainability and Impact Investing).
Currently, Shahazwan is a board member of UMW HOLDINGS BHD and an advisory committee member of StashAway, a robo-advisory platform in Singapore and Malaysia.
“His involvement in various sectors, such as energy, telecommunications, technology, utility, aviation, sustainable development (including renewables), oil & gas and healthcare will be of value to TNB’s long term strategy to become a Top 10 Global Utility by 2025,” said Tenaga president/CEO Amir Hamzah Azizan.
“The management of TNB is confident that the knowledge, experience and exposure gained by Shahazwan over the years will steer IAG’s business growth forward,” added Amir Hamzah.
TNB’s current international footprint covers equity ownership in power related assets in United Kingdom, Turkey, India, Saudi Arabia and Pakistan.
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