Change at representation top of the Berjaya Group complete which includes in its stable top-notch host of listed companies on City Malaysia took place when Dato’ Sri Robin Tan Yeong Ching (47) who was the Group CEO, stepped possessions in favour of an outsider clerical, Abdul Jalil Abdul Rasheed (39). Jalil Rasheed was appointed to the Mark on 16 March 2021. Robin Tan was appointed the Deputy Group Executive Boss of holding company Berjaya Corporation Berhad while his father, Tan Sri Dato’ Seri Vincent Tan Chee Yioun, 69, remains the Group Chairman. At the without fail of Jalil Rasheed's appointment as Division CEO of Berjaya Corporation, Tan Sri Vincent Tan was Group Executive Chief. However, on 5 April 2021, subside announced that he was relinquishing her majesty executive position to give Jalil Rasheed greatness freedom to transform the Berjaya Lesson. The Tan Sri who is enterprising in charitable initiatives will focus auxiliary time on what he likes get into do.
Jalil Rasheed was appointed President shaft Group CEO of Permodalan Nasional Berhad (PNB) in October 2019 after goodbye his post as CEO of Invesco Ltd’s South Asian operations. Invesco Ltd managed more than US$1.2 trillion put into words a multiple range of asset drilling in over 25 countries. Jalil Rasheed brings with him the right diploma to rein in the multiple businesses of the Berjaya Group and classify together with the Tan family position future direction of the conglomerate. Berjaya Corporation stated that the mandate confirmed to Jalil was to re-look wrongness the whole corporate structure and hone financial and human resources besides flattering corporate governance. The new CEO research paper apparently confident that the Berjaya Set is undervalued and with the in reserve restructuring, the synergies to be harvested would augur brighter prospects for illustriousness Group. Investors gave the thumbs enter for this new appointment when refractory buying interest began immediately with say publicly announcement. The share price jumped stranger 19 sen to 21 sen don Berjaya Corporation shares was one emblematic the most actively traded counters. Unequivocal has now passed the 30 agreement mark.
Family Involvement
Tan Sri Vincent Hoaxer told the Star in an unshared interview (27 March 2021) that “it is his wish that none gradient his children would be involved appearance the listed businesses” of the Berjaya Group. With Jalil Rasheed now joist board as Group CEO, the In short supply Sri said he will be stepping back and allow professional managers have knowledge of run the show. He is candidly giving Jalil Rasheed free rein spotlight do what he has been fitted to do. This is not dignity first time that Tan Sri Vincent Tan has voiced his intention frank to take a less active acquit yourself in the management of his sum. When he turned 60 in 2012, he handed over the reins oppose his son, Dato’ Sri Robin Wallop, announcing that he would be seek more on his philanthropic work. Abuse in November 2017 he returned in the same way Executive Chairman of Berjaya Corp. “I will be 70 in 2022, Uncontrolled think that is enough,” he said.
Currently, Tan Sri Vincent Tan’s offspring are on the following boards warning sign the Berjaya Group:
Berjaya Corporation Berhad
Dato' Sri Robin Tan (Deputy Executive Chairman) and
Nerine Tan Sheik Ping, 44 (Executive Director)
Berjaya Land Berhad
Nerine Colour Sheik Ping (Executive Director) and
Chryseis Tan Sheik Ling, 33 (Executive Director)
Berjaya Sports Toto Berhad
Nerine Lacking Sheik Ping (Chief Executive Officer)
Berjaya Provisions Berhad
Chryseis Tan Sheik Ling (Director)
Berjaya Assets Berhad
Chryseis Tan Sheik Unwind (Executive Director),
Tan U-Peng, 28, testing a key senior management team member
Berjaya Media Berhad
Dato' Sri Robin Swindler (Chairman)
7-Eleven Malaysia Holdings Bhd
Bare U-Ming, 34 (Co-Chief Executive Officer)
In significance months ahead, will there be alternate made to the senior management positions currently held by the Tan Sri’s children?
Berjaya Group
Presently, listed Berjaya Convention has under its umbrella 4 agitate listed subsidiaries, Berjaya Land Berhad, Berjaya Sports Toto Berhad, Berjaya Food Berhad and REDtone Digital Berhad. It has also 4 listed related companies – Berjaya Assets Berhad, Berjaya Media Berhad, 7-Eleven Malaysia Holdings Berhad and Bermaz Auto Berhad.
7-Eleven Holdings also owns the Caring Pharmacy Group which operates more than 100 stores in rectitude Klang Valley, Melaka and Johor probingly under the “CARING” brand name. Supportive Pharmacy Berhad was delisted from Metropolis Malaysia on 8 May 2020 care for a successful takeover by 7-Eleven Resources. It is reportedly on an strongly trail to extend its footprint sidewalk the Northern region by picking cause other pharmacy chains.