KUALA LUMPUR (April 16): Southern Steel Bhd has appointed Datuk Ahmad Johari Abdul Razak as an independent and non-executive director, effective today.
Meanwhile, Soon Seong Keat, who previously held a non-independent, non-executive directorship, has resigned “after taking into consideration the provisions of the Malaysian Code on Corporate Governance,” the group said in a filing with Bursa Malaysia today.
Ahmad Johari, 63, who is Prime Minister Datuk Seri Najib Razak’s brother, is currently an executive director of Ancom Bhd, an investment holding company that provides services to the agricultural and industrial chemicals industry, polymer production and logistics, among others.
He is also the independent and non-executive chairman of Daiman Development Bhd and sits on the board of Daiman Golf Bhd.
According to Southern Steel’s announcement, Ahmad Johari was previously a partner in the corporate department of legal firm Shearn Delamore & Co, handling legal matters related to the listing, restructuring and acquisitions of companies, joint ventures, loans, as well as company secretarial matters.
Shares in the group closed unchanged at RM1.85 each today, leaving the group with a market capitalisation of RM801.49 million.