Mohd Isa steps down as MSM chairman

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KUALA LUMPUR (June 19): Tan Sri Mohd Isa Abdul Samad has stepped down as the non-independent and non-executive chairman of MSM Malaysia Holdings Bhd, citing his reason as to focus on his personal undertakings.

Earlier today, Mohd Isa, 67, also relinquished his role as chairman of Felda Global Ventures Holdings Bhd (FGV), amid an ongoing tussle between the management and board members of the plantation giant. At the same time, he was appointed as chairman of the Land Public Transport Commission.

In a filing with Bursa Malaysia today, MSM said its director Datuk Rosini Abd Samad, 62, will replace Mohd Isa as the group's interim chairman.

"Further announcement will be made in due course," the filing added.

Rosini was formerly deputy accountant general of corporate in the Accountant General's Department (Malaysia), the accountant general's nominee on the council of the Malaysian Institute of Accountants, as well as a board member of Percetakan Nasional Malaysia Bhd from 2007 to 2014.

Shares in MSM were untraded today. The group’s share price last closed 0.7% or 3 sen lower at RM4.05 on July 16, valuing it at RM2.85 billion.