Boustead appoints Ahmad Nazim as chairman

KUALA LUMPUR – Boustead Holdings Bhd (BHB) has appointed Datuk Ahmad Nazim Abd Rahman as its new chairman.

In a filing with Bursa Malaysia today, BHB said Nazim previously served as a director.

“Nazim is also the chief executive of the Armed Forces Fund Board (LTAT), and he has more than two decades of corporate, investment and restructuring experience across multiple geographies and industries.

“Prior to joining LTAT, he was the managing director for Southeast Asia of Allied Investment Partners, a United Arab Emirates-based investment firm and served as chief executive officer of Pelaburan Mara Bhd from 2013 and 2018,” it said.

In a separate statement, BHB group chief executive officer Izaddeen Daud said Nazim’s broad experience in the corporate and financial sectors in major financial centres internationally would elevate Boustead to new heights.

“We look forward to his leadership, guidance and counsel to meet our strategic goals in line with the Reinventing Boustead strategy as we enhance and maximise shareholder value while protecting the interests of our shareholders, especially LTAT as our majority shareholder,” he added.

Nazim is also a non-independent non-executive director of Boustead Heavy Industries Bhd and chairman of Boustead Naval Shipyard Sdn Bhd and Boustead Petroleum Marketing Sdn Bhd. – Bernama, March 2, 2023