SHAH ALAM: Boustead gets new chairman. Boustead Holdings Bhd has appointed former Johor MB Khaled Nordin as its new chairman, effective on May 1. Khaled’s appointment was announced by Boustead on April 30.
In its release, Boustead stated that Khaled was appointed as a non-independent, non executive chairman of the board. Khalid, 61, was previously served as the Johor MB from 2013 to 2018. Khalid was appointed as a nominee from the Lembaga Tabung Angkatan Tentera (LTAT), the biggest shareholder of Boustead.
Boustead also touted Khaled’s achievements in the successful of restructuring and turnaround exercises of JCorp during his tenure as chairman of the company as he was the MB of Johor. It is clear that the LTAT is banking on Khaled’s experience to help the company and its subsidiaries overcome the crisis especially those of the LCS project.
Datuk Seri Mohamed Khaled Bin Nordin Appointed as The New Chairman of Boustead Holdings Berhad
KUALA LUMPUR,30April2020–Boustead Holdings Berhad (‘Boustead‘) is pleased to announce the appointment of Datuk Seri Mohamed Khaled bin Nordin as the company’s Non-Independent Non-Executive Chairman of the Board,effective 1 May 2020. Datuk Seri Mohamed Khaled bin Nordin, 61, previously served as the 15th Menteri Besar of Johor from 2013 to 2018.
Under his five-year leadership, Johor witnessed a steady growth in its economy, with the State’s Gross Domestic Product (GDP)standing at RM100 billion.The average GDP growth rate was recorded at 5.9%,which at the time surpassed Malaysia’s average GDP growth rate of 5.1%.
From 2013 to 2017, Johor was also the leading investment destination in the country with the entry ofRM114.9 billion worth of investments in the manufacturing sector alone.
With his appointment as the Menteri Besar of Johor, Datuk Seri Mohamed Khaled served as the Chairman of Johor Corporation Berhad(‘JCorp’). He also served on the Boards of companies within the JCorp Group as well as other Johor State Agencies. During his tenure at JCorp, the group successfully implemented several restructuring and turnaround exercises.
Prior to his tenure as the Menteri Besar of Johor and Chairman of JCorp, Datuk Seri Mohamed Khaled was the Minister of Higher Education from 2008 to 2013.
Datuk Seri Mohamed Khaled also served as the Minister of Entrepreneur and Cooperatives Development from 2004 to 2008. In addition, from 1990 to 2004, Datuk Seri Mohamed Khaled servedthe nationas Deputy Minister of Works.
Before he embarked on a career of public service, Datuk Seri Mohamed Khaled was attached toPetroliam Nasional Berhad(‘PETRONAS’). Datuk Seri Mohamed Khaled holds a Bachelor of Laws (Hons.) degree from the University of Malaya.
As Non-Independent & Non-Executive Chairman, Datuk Seri Mohamed Khaled is a nominee of Lembaga Tabung Angkatan Tentera(‘LTAT’), Boustead’s largest shareholder.“The Group is pleased and honoured to welcome Datuk Seri Mohamed Khaled as Boustead’s Chairman. We are confident that the Group is in very good hands under his proven leadership. Datuk Seri Mohamed Khaled’s vast experience from leading Johor as well as his key positions in various ministries, will certainly strengthen the Board in guiding Boustead to improve the way we do business and increase our prospects over the long term”,said Dato’ Sri Amrin Awaluddin, Managing Director of Boustead Holdings Berhad.
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— Malaysian Defence