Malaysia: Vincent Tan And Son Step Down Into Non-Executive Roles

Tan Sri Vincent Tan, chairman of Berjaya Corp has stepped down as the company's executive chairman but will still remain on the board of directors as non-executive chairman, effective today.

The resignation was in line with his vision to transform the Berjaya Corp into an institutionalised corporation managed by professionals. 

His son, Datuk Sri Robin Tan will also step down as an executive deputy chairman.

"With Jalil Rasheed on board as Group CEO, handling the strategic and operational decision-making and planning the future business direction of the BCorp Group, together with Executive Deputy Chairman, Dato’ Sri Robin Tan, I am confident that the BCorp Group is in capable hands and would be able to move forward progressively towards greater heights," said Tan.

Tan also added that he will be devoting more time to promote charitable initiatives and other interest. At the end of March, Tan vowed that he will give away half of his wealth once he's no longer around. 

Jalil will be using the next three months to do a strategic review of the group and kickstarting the group's transformation. 

At 12.30 pm, shares in Berjaya were up by 2.22%. 

The share price of the conglomerate has nearly tripled since Jalil was appointed CEO on March 16.


Related Article
NEWS
Covid-19: China Considers Mixing Covid-19 Vaccine To Boost Protection Rate

Gao also said that they might "optimise" the vaccine process, either the length of vaccination or mixing with other vaccines to boost efficacy.

NEWS
Malaysia: Poison Substance Found In Beautywise Cosmetic

'Beautywise; contains Hydroquinone and Tretinoin.

NEWS
Malaysia: MACC Detained Another 'Datuk', Immigration Syndicate Ring Leader

This syndicate was able to remove or add an individual to the "red alert" or blacklist" in their immigration database.

FEEL GOOD
Facebook Finally Let You Control Your News Feed

Finally, you are able to control what you want in to see your Facebook news feed.

Sustainability
Coldplay Here to Save Malaysia's River with Ocean Cleanup

Coldplay joins The Ocean Cleanup's mission to rid the world's oceans of plastic starting from Malaysia's river through sponsorship of Interceptor 005

NEWS
Malaysia: North Korea That Is In Malaysia Are Under MM2H Program, Says IGP

A report claiming that there are North Korea's secret agents in Malaysia doing illegal trade and smuggling activities.

NEWS
Children Take Centre Stage At Pope's Good Friday Service

The meditation at each station attempted to relate the children's experiences.

More Stories