Berjaya Corp appoints Jalil Rasheed as new Group CEO

KUALA LUMPUR: Berjaya Corp Bhd has appointed Abdul Jalil Abdul Rasheed, the former boss at Permodalan Nasional Bhd, as its new chief executive officer effective today.

He is the first "non-family" member to run Tan Sri Vincent Tan's sprawling business empire.

Jalil, 38, will take over the post from Datuk Sri Robin Tan Yeong Ching, who will assume the role of executive deputy chairman of BCorp.

"Going forward, the new Group CEO will be working together with BCorp executive chairman Tan Sri Vincent Tan and Robin Tan as an executive committee, who together with the contributions of the Board members will be involved in all strategic decision making and planning the future business direction of the BCorp Group," the company said in a statement today.

Jalil brings with him 18 years of investment and business leadership experience, having worked in the UK, USA, Malaysia and Singapore with the global investment firms, Aberdeen Standard Investments and Invesco Limited.

BCorp said Jalil’s mandate will be to re-look at BCorp’s corporate structure, optimize financial and human resources, improve synergies and efficiency, enhance corporate governance and transparency, streamline the various Group businesses to create and enhance shareholder value and to transform BCorp into a high performing organisation.

“I’m delighted to be joining BCorp as Group CEO, after several months of discussion with Tan Sri Vincent Tan," Jalil said.

"We both agree that the Group is very undervalued, and has many good assets that can be optimized and realized to enhance value for shareholders," he added.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Sunway to sell stake in healthcare unit to GIC -sources
Serba Dinamik says to take legal action against auditor KPMG
Daibochi reports steady Q3 results, warns rising costs may impact prospect�
Genting, Digi underpin FBM KLCI rebound
Pay-TV company Astro delivers nearly double net profit in Q1
BNM's international reserves rise to US$111bil as at June 15
Oil rises on optimism of quick recovery in global demand
Chipmaker GlobalFoundries plans US$6bil expansion in Singapore, US, Germany
RHB Group's green financing grows to RM3.25bil YTD
Affin, Generali to co-develop more than RM2bil GWP insurance business

Stories You'll Enjoy