KUALA LUMPUR (Aug 9): Berjaya Land Bhd (BLand) has redesignated its executive director (ED) Syed Ali Shahul Hameed as the company’s chief executive officer (CEO) effective yesterday.
Syed Ali will be replacing Datuk Pee Kang Seng @ Lim Kang Seng, who has resigned yesterday due to other work commitments and responsibilities, separate filings with the local stock exchange yesterday revealed.
The 48-year-old Indian national, who was recently appointed to the board in March this year, first joined Berjaya Land on Sept 4, 1997. He was a Director of Property Development and Complexes, Property Division, and is responsible for overseeing the engineering aspects of all BLand Group's properties in Malaysia and overseas.
“He is also assigned with the additional role in managing all the local property development projects as well as managing the complexes,” BLand said in a filing with Bursa Malaysia in March.
Meanwhile, Datuk Lim was appointed to the board on Aug 4, 2016 as an ED and was appointed as the CEO of the Company on Jan 18, 2017, according to its Annual report 2018.
“Currently, he is also a Director of Berjaya Vacation Club Berhad, Indah Corporation Berhad, Staffield Country Resort Berhad and Tioman Island Resort Berhad. He also holds directorships in several other private limited companies in the Berjaya Corporation group of companies,” said the annual report.
Shares in BLand closed half a sen or 3.03% higher at 17 sen yesterday, valuing the company at RM848.2 million.