Boustead Holdings unveils three-year transformation plan


Boustead chairman Datuk Seri Mohamed Khaled Nordin said the first phase of the transformation plan was to restructure Boustead and its subsidiaries to optimise value.

KUALA LUMPUR: Boustead Holdings Bhd had on Friday unveiled its transformation plan to drive the group forward for the next three years.

In a statement on Friday, it said the plan, which was part of its commitment to strengthen prospects and unlock value, would be underpinned by three pillars, “Evolve, Efficiency and Excellence”.

This strategy would enable Boustead transform into a high-performing and sustainable organisation.

“The plan comprises 20 transformation initiatives to achieve the group’s aspirations, focused on funding, structural, operational and corporate governance areas, ” it said.

Boustead chairman Datuk Seri Mohamed Khaled Nordin said the first phase of the transformation plan was to restructure Boustead and its subsidiaries to optimise value.

“This will enable us to remain resilient in the face of challenges ahead, ” he said.

Khaled said so far, the group has seen progress in enhancing board governance and expertise, with a refreshed board at the helm.

Boustead also established a group transformation office to drive the transformation efforts across the group, as well as to provide strategic inputs for our business units.”

“With these plans in place to strengthen our fundamentals and a definitive blueprint to propel the group over the next three years, we are confident that we will be able to weather through this challenging time and emerge as a stronger and more resilient organisation, ” he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

75% readers found this article insightful

Next In Business News

Bursa tracks global equities sell-off as surging bond yields trigger panic
Malaysia’s exports up 6.6% to nearly RM90b in January
KPS surpasses RM1bil revenue mark for fiscal year 2020
EPF launches world’s first and largest Shariah PE fund of RM2.43b
SCIB's earnings, revenue jumps significantly in FY20
Ringgit falls against demand for greenback
Quick take: Industronics jumps 38%, denies manufacturing 5G chips
KLCI climbs on last trading day of February, broader market cautious
Quick take: Lion Industries falls 7% despite improved earnings
Quick take: MSM jumps 15% in active trade

Stories You'll Enjoy


Vouchers