Friday 29 Mar 2024
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KUALA LUMPUR (May 8): Tenaga Nasional Bhd today announced the appointment of Umno vice-president Datuk Seri Mahdzir Khalid as its new chairman effective May 12.

Mahdzir, 59, will succeed Tan Sri Ahmad Badri Mohd Zahir, who will cease to hold the post on May 11, after being appointed as the chairman of the Employees Provident Fund with effect from May 1.

Ahmad Badri, who will have served as TNB chairman for two months, will also cease to hold office as a non-executive director of the utility giant on May 11, TNB filings showed.

Mahdzir, who is the Member of Parliament for Padang Terap, has served multiple roles in the Cabinet. He also served as Kedah Mentri Besar in 2005-2008.

“Datuk Seri Mahdzir is no stranger to the national electricity industry and TNB, as he was the Deputy Minister of Energy, Green Technology and Water from May 2013 to July 2015, before being appointed as the Education Minister until 2018,” said TNB in a statement.

Mahdzir holds a degree in education from University Sains Malaysia.

TNB President and Chief Executive Officer Datuk Seri Amir Hamzah Azizan welcomed Mahdzir’s appointment, and described him as having broad knowledge and exposure of the electricity industry.

“Given the current difficult period, we believe his leadership will help steer TNB through the challenges and achieve its aspiration to transform the company to be among the top 10 utility companies in the world by 2025,” said Amir Hamzah.

“I would like to convey my gratitude to Tan Sri Ahmad Badri who had also served as a TNB Board of Director, representing the Ministry of Finance since Nov 1, 2018.

“His leadership, guidance, knowledge, advice and commitment have greatly benefited us all,” he added.

TNB shares rose 18 sen or 1.48% to close at RM12.34, giving the group a market capitalisation of RM70.18 billion.

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