Jalil acquires 70 million BCorp shares days after named new CEO


KUALA LUMPUR: Berjaya Corp Bhd group chief executive officer (CEO) Abdul Jalil Abdul Rasheed has acquired a stake in the company days after he was appointed to the post.

BCorp, in a statement today, said Jalil had acquired 70 million shares at 28 sen each, which gave the former boss at Permodalan Nasional Bhd a 1.4% equity interest in the company.

“I took on this Group CEO role to undertake a transformation of BCorp," Jalil said.

"In my years of experience, projects of this magnitude are best achieved when the leader is well incentivised and aligned with all minority shareholders. As such, being a shareholder and CEO will allow me to execute changes with the right incentive in place," he added.

BCorp, had earlier said that Jalil was brought in with a mandate to transform the sprawling business group into a high-performing organisation.

"It is also a vote of confidence in the Company, and addresses the seriousness of this institutionalisation phase we are undertaking.” Jalil was appointed the new Group CEO of BCorp on March 16.

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