SHAH ALAM: Changes at Boustead. On April 8, this year, DS Amrin Awaluddin was appointed MD of Boustead Holdings, the public listed company controlled by the Lembaga Tabung Angkatan Tentera (LTAT). He replaced TS Che Lodin Wok Kamaruddin, who resigned from Boustead on Dec. 31, 2018.
Boustead’s subsidiary Boustead Heavy Industries Corp. Bhd on April 30, announced that its managing director DS Ahmad Ramli Mohd Nor has been redesignated as non executive chairman. It did not announced a new MD though I was told that the company was actively seeking for one.
Ahmad Ramli, 75, a former RMN chief, was
appointed to the Board of Boustead Heavy Industries Corporation Berhad on 17 August 2005 and serves the Company as Managing Director/Chief Executive Officer since 22 August 2005.
He was responsible for managing BHIC’s subsidiary company Boustead Naval Shipyard and the revival of the PV project following the government took over of the PSC Naval Dockyard Sdn Bhd in 2005.
Whoever appointed as MD at BHIC will be ultimately be responsible for the completion of the LCS project and the direction of the company’s future shipbuilding programs. He or she will also have to deal with the fall out by the government’s decision to build all four LMS in China instead of the original plan.
I was told at LIMA 19, the two LMS originally planned to be build in Malaysia, was supposed to be done at the BNS yard at Pulau Jerejak in Penang. Of course there is always the MRSS program for BNS to work on though.
Recently retired TS Ahmad Kamarulzaman Ahmad Badaruddin has also been appointed to the BHIC board as an indenpendent director, the company announced on the same day.
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