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.

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