KUALA LUMPUR (June 13): Media Prima Bhd has appointed Datuk Syed Hussian Syed Junid (pictured) as group chairman from July 1, replacing Datuk Mohd Nasir Ahmad, whose tenure ends on June 30.
To ensure a smooth transition, Syed Hussian will begin his appointment to Media Prima's board of directors as independent non-executive director and group chairman-designate effective immediately.
In a statement today, Media Prima said Mohd Nasir had informed the board of his intention to step down and resign to focus on his other directorial commitments.
He was first appointed as Media Prima interim group chairman on May 21, 2018 and as group chairman on June 12, 2018. He currently sits on the boards of CIMB Group Holdings Bhd, CIMB Bank Bhd, SIRIM Bhd and Prokhas Sdn Bhd.
Meanwhile, Syed Hussian is currently the group chairman of Western Digital Sdn Bhd. He is also serving on the board of Universiti Malaysia Sarawak.
According to Media Prima, he brings with him over 30 years of experience in the insurance and technology sectors, as well as an in-depth understanding of emerging technologies and expertise in corporate transformation.
"He began his career with The American Malaysian Insurance Sdn Bhd in 1982. In 1986, he was promoted as the Penang branch manager. In 1989, he was promoted as the company's senior regional manager covering Penang, Perlis, Kedah, and Perak," said Media Prima.
Syed Hussian had also served as an independent non-executive director of companies in the Media Prima Group. He was initially appointed as director of Merit Idea Sdn Bhd in December 2003. He had also served as director at Primeworks Studios Sdn Bhd, Media Prima Digital Sdn Bhd, Metropolitan TV Sdn Bhd and Ch-9 Media Sdn Bhd.
Shares of Media Prima closed unchanged at 38 sen today, with 497,000 shares done, bringing a market capitalisation of RM421.5 million.