KUALA LUMPUR (Dec 8): Gamuda Bhd has announced the retirement of its independent and non-executive chairman Datuk Mohammed Che Hussein, effective Thursday (Dec 8).
Mohammed has been on the company’s board as chairman since December 2013.
He has 31 years of experience at Malayan Banking Bhd (Maybank), where he held various senior positions including head of corporate banking, head of commercial banking and head of Malaysian operations.
The last position he held before leaving the Maybank group in January 2008 was that of deputy president/executive director/chief financial officer.
Gamuda recently revealed his plan to acquire a 30% stake in solar firm ERS Energy Sdn Bhd for RM200 million. The group has also earmarked RM2 billion for investment in renewable energy over the next five financial years to capitalise on growing demand in the segment.
Shares of Gamuda closed six sen or 1.55% higher at RM3.94 on Thursday, with some 7.6 million shares exchanged. At its close, the construction engineering group had a market value of RM10.21 billion.