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Malakoff Announces Resignation Of CEO

Malakoff Corp Bhd has announced the resignation of its chief executive officer (CEO) Datuk Ahmad Fuaad Mohd Kenali, effective October 31, 2020.

In an exchange filing today, the independent water and power company said Ahmad Fuaad will relinquish from his current post to pursue other career opportunities.

During his tenure in Malakoff, Ahmad Fuaad, 50, was on the board of majority of its local and overseas subsidiaries and associate companies.

Previously, Ahmad Fuaad was the CEO of Proton Holdings Bhd from April 1, 2016 and board member of the PHB Group until September 30, 2017.

Prior to his appointment in PHB, he was DRB-Hicom Bhd chief operating officer – finance & corporate and chief financial officer (CFO) from August 2013 to March 2016.

He began his career with Arthur Andersen & Co in 1994. In 2001, he left practice to take up the position of executive director of finance at Petaling Garden Bhd.

In 2008, he rejoined practice as a partner/executive director in Ernst & Young, Kuala Lumpur and was with the firm until 2010 when he joined Astro Malaysia Holdings Bhd as the CFO from August 2010 to July 2013.

Ahmad Fuaad was also a board member of key subsidiaries of the DRB-Hicom group such as Pos Malaysia Bhd, Bank Muamalat Malaysia Bhd, Edaran Otomobil Nasional Bhd, Horsedale Development Bhd, Glenmarie Properties Sdn Bhd and Alam Flora Sdn Bhd. – NST

BacalahMalaysia Team

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