Boustead Holdings unveils three-year transformation plan


  • Corporate News
  • Friday, 17 Jul 2020

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.

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