Abdul Jalil to step down; new ceo found

PETALING JAYA: Berjaya Corp Bhd (BCorp) has identified a new chief executive officer (CEO) after it is learnt that Abdul Jalil Rasheed will be leaving the position of CEO roughly a year after he was appointed, according to a source.

“It is understood that a replacement has been found and an announcement will be made soon,” the source said.

This came after Abdul Jalil was reportedly stepping down from his role to pursue his personal interests.

Abdul Jalil has just completed his one year at BCorp following his appointment on March 16, 2021.

He dropped a broad hint on his future on social media when he indicated his desire to spend more time with family on Twitter.

“Priorities in life really change once you get Covid and spend time at home. The good thing was spending uninterrupted time with the kids,” he said in one of his tweets.

The anniversary of his appointment as CEO of BCorp was also punctuated when it was announced that Abdul Jalil disposed of 15 million shares in BCorp via a direct business transaction. He now holds a 3.318% stake in BCorp.

Prior to joining BCorp, Abdul Jalil was the president and group chief executive officer of Permodalan Nasional Bhd.

He has 18 years of investment and business leadership experience, having worked in the UK, USA, Malaysia & Singapore with the global investment firms, Aberdeen Standard Investments and Invesco Ltd.

Kids told me they liked having me at home, and I’m calmer and nicer. Sometimes we get too caught up and miss the important things in life. Today I picked them up from school. Something I did frequently in Singapore but not so much here.

— Jalil Rasheed (@jalilword) March 18, 2022