JOHOR BARU: Johor Corporation (JCorp) has announced the appointment of Datuk Syed Mohamed Syed Ibrahim as its new president and chief executive officer.
JCorp said in a statement released on Friday (Jan 10) that the appointment was to fill the vacancy following the retirement of Datuk Kamaruzzaman Abu Kassim on Dec 31,2019.
Syed Mohamed has over 34 years of experience and expertise in banking, corporate, real estate development, technology and business strategy, and holds a degree in analytical economics from Universiti Malaya.
Johor Mentri Besar Datuk Dr Sahruddin Jamal, who is also JCorp Chairman, said JCorp Board members and employees welcomed the appointment of Syed Mohamed.
“JCorp Board members and employees are confident that Datuk Syed Mohamed will continue to ensure JCorp's relevance and sustainability in undertaking its role as a state development agent for over five decades, driven by its mission," he said.
Prior to this, Datuk Syed Mohamed was the chairman of Felda Investment Corporation and the president and executive director of Iskandar Waterfront Holdings.
He was also previously the chairman of Encorp, president and chief executive officer of Iskandar Investment, chief executive officer of TH Properties Sdn Bhd and group director of DRB-HICOM.
Syed Mohamed began his career at Bank Bumiputera and Bank Rakyat before joining the Johor State Economic Development Corporation (now JCorp) from 1989 to 1993.
He is also the chairman of Prasarana Integrated Development and a board member of the Sultan Ibrahim Johor Foundation and the Tunku Laksamana Johor Cancer Foundation.