Damansara Holdings appoints JCorp head of transformation Muaazam Mahmud as CEO

Damansara Holdings appoints JCorp head of transformation Muaazam Mahmud as CEO
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KUALA LUMPUR (Oct 11): Damansara Holdings Bhd has announced the appointment of Muaazam Mahmud as its group chief executive officer (CEO).

Muaazam has been Johor Corp Bhd's (JCorp) head of transformation since 2020, Damansara Holdings said in a Bursa Malaysia filing.

Previously, he was Felda Investment Corp Sdn Bhd's group CEO/chief strategy officer from 2017 to 2019.

Prior to that, Muaazam served at Iskandar Investment Bhd as senior vice president between 2010 and 2017.

Muaazam also served as manager, foreign direct investment at Multimedia Development Corp from 2006 and 2010.

He holds a finance degree from University of Illinois at Urbana Champaign.

Muaazam's appointment came after JCorp re-emerged as the largest shareholder of Damansara Holdings after buying a 49.57% stake in the company for RM78.91 million in September.

Shares in Damansara Holdings settled for the day unchanged at 49.5 sen, valuing the company at RM157.6 million.

S Kanagaraju