Dato’ Sri Amrin Awaluddin to take the helm at Boustead

KUALA LUMPUR, April 5, 2019 – Boustead Holdings Berhad (BHB) today announced the appointment of its new Managing Director, Dato’ Sri Amrin Awaluddin, effective May 6, 2019.

Dato’ Sri Amrin has had a notable career with 30 years of experience in the corporate arena. He began his career in the financial services industry and has held several key appointments. He has played a pivotal role in driving the success of leading Malaysian companies which includes Renong Berhad, Malaysian Resources Corporation Berhad, Sistem Televisyen Malaysia Bhd, Media Prima Berhad and most recently, Sime Darby Property Berhad.

Dato’ Sri Amrin is currently a director of Taliworks Corporation Berhad and CIMB Bank Berhad. He holds a Bachelor of Business Administration (Honours) from Acadia University, Canada and a Master of Business Administration (Finance) from the University of Hull, United Kingdom. He is a member of the Chartered Institute of Management Accountants, United Kingdom (CIMA) and a Chartered Accountant of the Malaysian Institute of Accountants.

Gen. Tan Sri Dato’ Seri Panglima Mohd Ghazali Hj. Che Mat (R), Chairman, Boustead Holdings Berhad, said, “We are pleased to welcome Dato’ Sri Amrin as our new Managing Director. We are confident that his experience and proven track record will help steer the Group forward. Particularly given the increasingly competitive landscape, his vast expertise and sharp business acumen certainly augurs well for the development of the Group.”

Since its inception as a modest trading entity more than 180 years ago, the Boustead Group has grown by leaps and bounds to comprise more than 90 subsidiaries, associate companies and joint ventures, and has substantial interests in various sectors of the Malaysian economy. The Boustead Group’s operations are focused in six key areas; plantation, heavy industries, property, finance & investment, trading & industrial and pharmaceutical. As at 31 December 2018, Boustead Holdings Berhad’s paid-up capital was RM2.7 billion while its shareholders’ funds stood at RM5.4 billion. Market capitalisation is currently in the region of RM3 billion.

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 Plantations 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.

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