KUALA LUMPUR, July 12, 2019 – Boustead Holdings Berhad today announced new appointments to its Board effective 15 July 2019, comprising:
- Lieutenant General Dato’ Fadzil Bin Mokhtar (R) as Independent Non-Executive Director
- Dato’ Nonee Ashirin Dato’ Mohd Radzi as Independent Non-Executive Director
- Mr Abraham Verghese as Independent Non-Executive Director
- Mr Loong Caesar as Independent Non-Executive Director
Lieutenant General Dato’ Fadzil Bin Mokhtar (R) – served in the Malaysian Army for over 41 years in various capacities, including Legal Officer at the Army Headquarters, Legal Adviser to the Malaysian Peacekeeping Contingent in Bosnia Herzegovina, Head of Human Resource for the Malaysian Army and Head of Mission of the International Monitoring Team in Mindanao. He has vast operational experience in addressing security challenges and was appointed Joint Force Commander of the Malaysian Armed Forces in 2016 until his retirement in 2018.
Dato’ Nonee Ashirin Dato’ Mohd Radzi – has more than 20 years of experience in the aerospace and defence industry and is a Barrister-At-Law of Lincoln’s Inn, London, having been called to the Malaysian Bar in 1999. She is currently the Chairman of Global Turbine Asia Sdn Bhd, a maintenance, repair and overhaul service provider of military and civil engines in the Asia Pacific region, and a Partner in Arthur Yeong Nonee Ashirin Advocates & Solicitors.
Mr Abraham Verghese – has vast experience in accounting, auditing and financial consulting. A National Partner at Arthur Andersen from 1994 to 1997, he was subsequently appointed Worldwide Partner from 1997 to 2001. He went on to become a Partner at Ernst & Young from 2002 to 2016. Concurrently, he was a council member of the Malaysian Institute of Accountants (MIA) from 2007 to 2011 and a committee member of the Malaysian Advisory Committee of the Association of Certified Chartered Accountants from 2007 to 2009, along with serving in various committees and working groups of MIA and the Malaysian Institute of Certified Public Accountants. He is currently on the boards of Tadmax Resources Bhd and several private limited companies.
Mr Loong Caesar – has had an illustrious legal career spanning 34 years. He was admitted as a Barrister of the Middle Temple in 1983 and remains a member to this day. He is a founder and presently the Managing Partner of the law firm Raslan Loong, Shen & Eow. He has extensive experience in all areas of corporate and commercial law across diverse industries. He is also a corporate and commercial litigator and panel arbitrator with the Asian International Arbitration Centre. He currently sits on the board of Mulpha International Berhad.
BHB is pleased to welcome these accomplished individuals to the Board. The Group will certainly benefit from their distinguished backgrounds and broad experience. With this diverse and well-rounded Board at the helm, BHB is set to see positive momentum.
Since its inception as a modest trading entity more than 180 years ago, the Boustead Group has grown by leaps and bounds to comprise more than 90 subsidiaries, associate companies and joint ventures, and has substantial interests in various sectors of the Malaysian economy. The Boustead Group’s operations are focused in six key areas; plantation, heavy industries, property, finance & investment, trading & industrial and pharmaceutical. As at 31 March 2019, Boustead Holdings Berhad’s paid-up capital was RM2.7 billion while its shareholders’ funds stood at RM5.4 billion. Market capitalisation is currently in the region of RM2.3 billion.
Forward looking statements
This release may contain certain forward-looking statements with respect to the financial conditions, results of operations and business of the Group and certain plans and objectives of Boustead Holdings Berhad with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
Issued on behalf of: Boustead Holdings Berhad
By: acorn communications sdn bhd
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Zamani Wisam at 012 350 7604 or Yasmin Kadir at 017 237 9048
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