Friday 29 Mar 2024
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KUALA LUMPUR (Oct 2): Malakoff Corp Bhd CEO Datuk Ahmad Fuaad Mohd Kenali will resign from his post with effect from Oct 31 to pursue other career opportunities. 

“The Board of Directors of Malakoff will be looking into finding and appointing his successor,” the independent water and power producer said in a filing with Bursa Malaysia. 

Ahmad Fuaad, 50, joined the group in October 2017. 

Ahmad Fuaad is the third CEO of the independent power producer in the past five years. His immediate predecessor was Habib Husnin, who took over the helm in July 2017. Prior to Habib, DRB-Hicom Bhd’s current managing director, Datuk Seri Syed Faisal Albar, was the CEO from July 2014 until end-2015.

Malakoff’s share price gained 0.5 sen to 94.5 sen today, giving the power producer a market capitalisation of RM4.73 billion. 

Edited ByS Kanagaraju
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