Boustead Holdings Bhd says Datuk Seri Mohamed Khaled Nordin will be relinquishing his post as group chairman on Thursday.
Boustead said Khaled had served the group since May 1 last year and had been supportive of the Reinventing Boustead initiative that resulted in significant group financial performance improvement.
He had led Boustead to a financial recovery with a net profit of RM87.4 million, after six consecutive quarters of losses, driven the group to successfully meet the Covid-19 vaccine supply contract obligation to the government four-and-a-half months ahead of schedule.
“(He also) pushed the group to win the petroleum supply contract to the Ministry of Defence,” Boustead said in a statement.
Boustead group managing director Datuk Seri Mohammed Shazalli Ramly expressed the group’s utmost appreciation and gratitude to Khaled.
Khaled also served as chairman of Boustead Properties Bhd and UAC Berhad, both being subsidiaries of Boustead.
He was the nominee of Lembaga Tabung Angkatan Tentera, the largest shareholder in Boustead.
He has a notable career, having previously served as the 15th Menteri Besar of Johor from 2013 to 2018, and was chairman of Johor Corporation Bhd.
Khaled also served as Higher Education Minister from 2008 to 2013 and Minister of Entrepreneur and Cooperatives Development from 2004 to 2008. – NST ONLINE
