PETALING JAYA, 1 Aug 2025 – Boustead Holdings Berhad (“Boustead” or “the Group”) is pleased to announce the appointment of Dato’ Indera Ir. Dr. Hj Ahmad Sabirin Arshad, FASc as its new Group Chief Executive Officer (GCEO), effective 1 August 2025.
This appointment marks a strategic milestone in Boustead’s ongoing transformation into a future-ready, innovation-driven conglomerate, committed to long-term competitiveness and sustainable value creation.
With more than 30 years of leadership experience in aerospace, engineering, and technology, Dato’ Indera Ir. Dr. Ahmad Sabirin brings a proven track record of national transformation, research excellence, and industrial leadership.
His appointment reinforces Boustead’s focus on operational excellence, growth acceleration, and longterm resilience across its operating companies. He most recently served as President and GCEO of SIRIM Berhad, Malaysia’s premier industrial research and technology organisation. Before that, he was CEO of Aerospace Ventures, a subsidiary of Uzma Berhad, and spent nearly two decades as Group Managing Director/CEO of Astronautic Technology (M) Sdn Bhd (“ATSB”), a Ministry of Finance Incorporated company. Dato’ Indera Ir. Dr. Ahmad Sabirin was part of the pioneering Malaysian team involved in the development of MEASAT-1 at Hughes Aircraft Company (now Boeing), and later led the design, development, launch, and operations of Malaysia’s first and second national satellites, TiungSAT-1 and RazakSAT.
He also played a key role in pioneering Malaysia’s first Angkasawan mission to the International Space Station in 2007 and spearheaded national science and technology programmes, including the National Tsunami Early Warning System and the Environmental-Friendly Radiation Detector.
A marine engineer by training, he holds a PhD in Mechanical Engineering (Combustion) from the University of Wales College of Cardiff, with prior qualifications from Universiti Malaya, Universiti Teknologi Malaysia, and the California Maritime Academy.
Welcoming the appointment, Tan Sri Abu Bakar Haji Abdullah, Chairman of Boustead, said, “The appointment of our new GCEO reflects Boustead’s commitment to strengthening its leadership with strategic thinkers and nation-builders. Dato’ Indera Ir. Dr. Ahmad Sabirin’s experience in leading complex, high-impact programmes, from aerospace to national science infrastructure, is a unique asset as we advance the Group’s transformation, particularly in the areas of digital and innovation.”
“He is entrusted with the critical responsibility of future-proofing Boustead Holdings Berhad and its operating companies by embedding sustainability, strengthening operational fundamentals, and unlocking long-term value. We are confident that under his leadership, Boustead will evolve into a resilient, forward-looking organisation that delivers consistent value to shareholders, Lembaga Tabung Angkatan Tentera (“LTAT”), and the nation at large,” he added.
Dato’ Indera Ir. Dr. Ahmad Sabirin succeeds Encik Izaddeen Daud, who played a pivotal role in Boustead’s recent turnaround and privatisation.
The Board expresses its sincere appreciation to Encik Izaddeen for his leadership and contributions to the Group’s foundational transformation. This leadership transition represents a defining chapter in Boustead’s corporate journey, focused on innovation, performance, and long-term strategic renewal across all levels of the organisation.
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About Boustead Holdings Berhad
Boustead Holdings Berhad (“Boustead”) is one of Malaysia’s oldest and most diversified conglomerates, wholly owned by Lembaga Tabung Angkatan Tentera (LTAT). The Group comprises more than 80 subsidiaries, associate companies, and joint ventures, with significant interests across key sectors of the Malaysian economy. Boustead’s core business areas include pharmaceuticals, heavy industries, property and industrial development, trading, finance and investment, as well as digital and innovation. For more information, please contact the Group Engagement & Communications Department at gcom@boustead.com.my or sharinaahmad@boustead.com.my, or call 012-310 0394.
Forward looking statements
This release may contain certain forward-looking statements with respect to the financial conditions, results of operations and business of the Group and certain plans and objectives of Boustead Holdings Berhad with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forwardlooking statements.
