KUALA LUMPUR (Jan 17): Kumpulan Perangsang Selangor Bhd (KPS) has appointed Datuk Nor Azmie Diron as its new chairman, effective today.
Nor Azmie, 51, replaces Raja Shahreen Raja Othman, who has resigned following end of his contract as chief executive officer of KPS' largest shareholder Menteri Besar Selangor Inc (MBI).
Nor Azmie has spent more than 25 years in the public service with experience in finance and economic sectors, said KPS in a bourse filing.
Currently, he holds the position of Selangor State Finance Officer.
Nor Azmie also holds directorship in numerous companies including MBI-linked Worldwide Holdings Bhd, Pemodalan Negeri Selangor Bhd and Darul Ehsan Investment Group Bhd.
Raja Shahreen, 53, has been with KPS since March 31, 2015. He has served as CEO of MBI from Dec 1, 2014 until Nov 30, 2019.
KPS shares closed half a sen or 0.77% higher at 65.5 sen, giving the group a market capitalisation of RM351.99 million.