Kuala Lumpur, 27 November 2020 – Boustead Holdings Berhad (“Boustead” or the “Group”) today announced the appointment of Dato’ Sri Mohammed Shazalli Ramly as its Group Managing Director, effective 1 December 2020.
Dato’ Sri Mohammed Shazalli, has had an illustrious career with over 30 years of professional experience in various industries namely Telecommunications, Media & Broadcasting, as well as Consumer Marketing. He is highly regarded in the industry as a turnaround specialist with strengths in Corporate Transformation, Revenue Generation, Digitisation, Marketing and Distribution, as well as Commercial & Operational Excellence, among others.
He previously served as the Managing Director and Chief Executive Officer (CEO) of Telekom Malaysia Berhad, after his stint as Regional CEO and Corporate Executive Vice President of Axiata Group Berhad. Dato’ Sri Mohammed Shazalli served as the CEO of Celcom Axiata Berhad from 2005 to 2016, during which Celcom achieved a record-breaking 31 quarters of uninterrupted consecutive growth with double-digit growth in revenue, EBITDA and net profit. Prior to that, he was the CEO of NTV7. Dato’ Sri Mohammed Shazalli started his career with the Lever Brothers (Unilever) and British American Tobacco Company.
Dato’ Sri Mohammed Shazalli also brings with him an extensive directorship experience, where he previously sat on the Boards of several prominent organisations such as Malaysia Airline System Berhad (MAS) and Proton Holdings Berhad’s Special Task Force. Dato’ Sri Mohammed Shazalli holds a Master of Business Administration from St. Louis University, Missouri, USA and Bachelor of Science (Marketing) from Indiana University, Indiana, USA.
Dato’ Seri Mohamed Khaled Nordin, Chairman of Boustead, welcomed Dato’ Sri Mohammed Shazalli as the new Group Managing Director and added that “we are confident that with Dato’ Sri Mohammed Shazalli’s notable professional experience and proven track record in corporate transformation and performance management, his leadership for the Group will be able to steer Boustead to new heights. Dato’ Sri Mohammed Shazalli joins our ranks at an opportune time, with our transformation initiatives going into full swing. His renowned expertise and sharp business acumen during our transformation journey certainly augurs well for the Group’s business prospects.”
“The arrival of Dato’ Sri Mohammed Shazalli as Boustead’s Group Managing Director reinforces the conglomerate’s commitments to its lenders, Government stakeholders, institutional and public shareholders, as well as the thousands of employees across its diversified operations. Boustead continues its transformation journey steadily towards the goal of becoming a high-performance and sustainable organisation by 2023,” added Dato’ Seri Mohamed Khaled.
About Boustead Holdings Berhad
Boustead Holdings Berhad (‘Boustead’), one of Malaysia’s oldest conglomerates, is Lembaga Tabung Angkatan Tentera (‘LTAT’)’s investment arm. The diversified Group comprises more than 90 subsidiaries, associate companies and joint ventures, and has substantial interests in various sectors of the Malaysian economy. Its operations are focused in five key areas namely plantation, heavy industries, property & industrial, trading, finance & investment, and pharmaceutical.
Since its inception as a modest trading entity more than 190 years ago, the Boustead Group has grown by leaps and bounds. As at 30 June 2020, Boustead Holdings Berhad’s paid-up capital was RM2.7 billion while its shareholders’ funds stood at RM3.6 billion. Market capitalisation is currently in the region of RM1.3 billion. For more information on Boustead, log on to www.boustead.com.my
For more details, please contact Boustead’s Group Corporate Communications Department at email@example.com.