KUALA LUMPUR – Berjaya Corporation Bhd has announced that its newly appointed group chief executive officer (CEO) Jalil Rasheed has acquired 70 million of its shares at 28 sen per share.
Berjaya in a statement today said the acquisition is equivalent to 1.4% of the company’s five billion shares.
“The acquisition of equity interest in Berjaya by Jalil signifies good corporate governance, whereby as group CEO and minority shareholder, he will act in the best interests of the company and its various stakeholders.”
Jalil said being a group CEO and shareholder will allow him to execute changes with the right incentive in place.
He added that it is also a vote of confidence in the company, and addressed the seriousness of the institutionalisation phase the company is undertaking.
“I took on this group CEO role to undertake a transformation of Berjaya. In my years of experience, projects of this magnitude are best achieved when the leader is well-incentivised and aligned with all minority shareholders.”
Jalil was appointed as Berjaya group CEO on March 16, subsequently after his former role as Permodalan Nasional Bhd president and CEO. – Bernama, March 24, 2021
