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Khazanah chief Shahril exits Media Prima, MBSB, MRCB

Datuk Shahril Ridza Ridzuan

KUALA LUMPUR (Aug 21): As he clocked in as Khazanah Nasional Bhd’s new managing director yesterday, Datuk Shahril Ridza Ridzuan (pictured) resigned from the board of directors of three companies, namely Media Prima Bhd, Malaysia Building Society Bhd (MBSB) and Malaysian Resources Corp Bhd (MRCB) as their non-independent, non-executive director.

According to the companies’ respective filings with Bursa Malaysia yesterday, Shahril’s resignation was due to him no longer being a nominee director of their substantial shareholder, the Employees Provident Fund (EPF). The former chief executive officer of the EPF was appointed to the board of Media Prima on Oct 22, 2001, whereupon he was also made a member of the nomination and remuneration committee.

According to MBSB’s and MRCB’s 2017 annual reports, Shahril was appointed to their board on Nov 30, 2011 and Aug 9, 2001 respectively. He was also MRCB’s group managing director from Sept 1, 2003 to Dec 1, 2009, and currently holds one million shares or about 0.02% of MRCB.

“Datuk Shahril Ridza has served for more than 15 years at Media Prima. We wish him well in his future endeavours,” said Media Prima group chairman Datuk Mohd Nasir Ahmad in a separate statement.

This article first appeared in The Edge Financial Daily, on Aug 21, 2018.

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