JOHOR BARU: The outgoing Johor Corp (JCorp) president and chief executive officer Datuk Kamaruzzaman Abu Kassim is confident that his successor will continue to lead the conglomerate to success.
He said whoever is taking over will have to further strengthen, maintain and position the largest southern state-owned conglomerate into the most dynamic investment agency in Malaysia.
Kamaruzzaman, 55, believes Johor Mentri Besar Datuk Dr Sahruddin Jamal who is also JCorp chairman would make the best decision in the interest of the state and JCorp when making the appointment for the post.
“It’s about time for me to go (retire), ’’ he told reporters during the opening of Galeri An-Nur Masjid Sultan Iskandar, Bandar Dato Onn here yesterday.
At the event, the Turkish Ottoman-inspired mosque built in 2013 also received certification from the Malaysian Tourism Quality Assurance (MyTQA) as the first tourism mosque in the country.The event is Kamaruzzaman’s last official function as JCorp president and CEO after helming the agency for nine years taking over from his predecessor the late Tan Sri Muhammad Ali Hashim in December 2010.
Kamaruzzaman who has served the agency for 27 years advises his successor to continue expanding and strengthen its core business activities.
They are the plantations, private healthcare services, food and restaurant services, property and industrial development in seven countries.
“We assure that it is business as usual and there will be seamless transition of top positions across its group of companies at the appropriate time, ’’ he said.
Kamaruzzaman steered JCorp through the global financial crisis in 2008-2019, subsequently establishing it on a more resilient financial footing.
During his leadership, group net assets at book value grew significantly from RM5.8bil to RM9bil as at financial year 2018.
The present vice-president corporate responsibility division Bukhari Abdul Rahman will assume the role in an acting capacity until further notice, when Kamaruzzaman officially retires on Dec 31.