Outgoing CEO confident of continued JCorp success

Johor Corporation president and chief exective officer Datuk Kamaruzzaman Abu Kassim (center) looking at a display at Galeri An-Nur, Masjid Sultan Iskandar Dato Onn, Johor Baru, accompanied by his wife Datin Noor Laila Yahaya (right), who is Muatira JCorp chairman, during the launch of Masjid Sultan Iskandar as the tourism mosque.

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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

JCorp , CEO , outgoing , Kamaruzzaman Abu Kassim , success ,


Next In Business News

MyNews losses widen due to strict Covid-19 measures�
Dolomite Corp classified as PN17, unable to pay debts
AirAsia X posts record RM24.6bil net loss in Apr-June quarter�
Straits Energy eyes 5G rollout projects with partner Seashore�
Crude oil at 3-year high, Brent nears US$80 a barrel amid supply constraints
Protasco registers RM6.4mil profit in Q2, boosted by road maintenance works
Muted market response to 12MP
Malaysia's DuitNow, Singapore's PayNow to link in 2022
Asian shares creep higher, oil surges to 3-year peak
Govt remains committed to carbon neutral Malaysia by 2050 target

Stories You'll Enjoy