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.
— Malaysian Defence
View Comments (44)
Any news about LCS?
What is the construction status of all four hull? (*more than 90% or not?)
When the keel laying of fifth and sixth ship start?
Sorry too many question :)
First DEFTECH, then now Boustead. Next?
All for the best I suppose. Hopefully he will be able to turn Boustead around and complete the LCS, plus improving the NGPV and LMS.
Any political appointment is no good. Just forget about politics. Appoint some professionals who are really qualified to lead n turn around the company. Things cannot be done business as usual. Save money. Be efficient. Deliver . Otherwise just let it close shop. Open tender in future n give it to the most efficient. Its funny right. Overseas navy can build their ships sucessfully using our local yards yet our Boustead cant deliver.
@Lee Yoke Meng
Najib did that and it worked, but it stepped on too many toes that did him in from within. Many qualified professionals would be wary of working for the Government by now even if there is a will.
Hi, what are your thoughts on the Iver Huitfeldt-class frigate? (Danish Navy), would you buy a FEMMS, Stigma Class? or other types? Let's say you're given a USD10B-20B budget, what would you acquire? With in mind Malaysia having a new 5000-10000 royal marine force?
I quite like the Iver Huitfeldt-class frigate, but it needs a sister ship? Like a Corvette? A AW101, Sea Hawk or NH90 helicopters
My father was in the Army, in the 70's, and since young I have been fascinated with military hardware
Which case worked?. None
Who in their right mind would buy iver when they have d money to buy fremm.we should watch the usn frigate program closely. If they successful n manage 2 bring d cost down ,3or 4 of those 👶 for us would be great. D second best option for me personally is d Japanese frigate. Cheers.
@Lee Yoke Meng
I understand your pessimism, but it does seem that he has a decent track record (from the article). I suppose we'll have to wait and see if he manages to shake up Boustead and more importantly have those Gowinds delivered to the Navy. I am hoping there'll not be a repeat of NGPV fiasco back then.
I think he is good, suitable enough for the post.
All the best to BHIC.