KUALA LUMPUR, 13 September 2021 – Boustead Holdings Berhad (Boustead) continues to strengthen its Board leadership with the appointments of Pauline Teh Abdullah as its new Independent Non-Executive Director, and its current Independent Non-Executive Director Dato’ Seri Rosman Mohamed as the Chairman of Audit Committee, effective today.

Pauline, who also sits on the Board Audit Committee holds a Masters in Business Administration (Finance) from University of Hull, United Kingdom and a Bachelor of Commerce (Accounting) from Saint Mary’s University, Canada.

She has previously held various key positions, including Executive Director and Head of Department of Crowe Advisory Sdn Bhd, Director of BDO Capital Consultants Sdn Bhd, Associate Director of Hanifah Teo & Associates, Assistant Vice President of Perdana Merchant Bankers Berhad and Senior Operations Officer of Public Bank Berhad. Currently, she sits on the boards of Libra Invest Berhad and Ericsenz Capital Pte Ltd.

Meanwhile Dato’ Seri Rosman was appointed to the Boustead Board on 1st July 2021 and he also sits on the boards of Khind Holdings Berhad as well as Ni Hsin Group Berhad. He holds a Master of Business Administration from Saint Louis University, Missouri and Bachelor of Business Administration (Accounting) from Urbana University, Ohio. He has held various senior management positions most notably as the Board member / Acting Managing Director and Chief Executive Officer of Bank Rakyat.

Group Managing Director Dato’ Sri Mohammed Shazalli Ramly said, “We are very pleased to have Pauline as part of the Boustead leadership. With her vast experience and extensive knowledge, she will be invaluable to the Board as we work together to deliver our goals in line with the Reinventing Boustead strategy.

“The appointment of Dato’ Seri Rosman as the new Chairman of Audit Committee will further beef up the organisation. With the current experienced and diversified Board line-up, the Group will continue to improve its overall performance and maximise shareholder value as well as protect the interests of our shareholders, especially Lembaga Tabung Angkatan Tentera as our majority shareholder,” he added.

 

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Forward looking statements
This release may contain certain forward-looking statements with respect to the financial conditions, results of operations and business of Boustead 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 forward-looking statements.

About Boustead Holdings Berhad

Boustead Holdings Berhad (‘Boustead’), one of Malaysia’s oldest conglomerates, is Lembaga Tabung Angkatan Tentera (‘LTAT’)’s investment arm. The diversified Group comprises more than 90 subsidiaries, associate companies and joint ventures, and has substantial interests in various sectors of the Malaysian economy.

Its operations are focused in five key areas namely plantation, heavy industries, property & industrial, trading, finance & investment, and pharmaceutical.

Since its inception as a modest trading entity more than 190 years ago, the Boustead Group has grown by leaps and bounds. As at 30 September 2020, Boustead Holdings Berhad’s paid-up capital was RM2.7 billion while its shareholders’ funds stood at RM3.5 billion. Market capitalisation is currently in the region of RM1.3 billion. For more information on Boustead, log on to www.boustead.com.my 

For more details, please contact Boustead’s Group Corporate Communications Department at gcom@boustead.com.my.