Vincent Tan resigns as Berjaya Corp executive chairman

by PRIYA VASU

Berjaya Corporation Berhad (BCorp) Executive Chairman Tan Sri Vincent Tan resigns from his position, effective today, April 5, 2021.

Tan said in a statement today that he however, will remain on the BCorp Board of Directors as Non-Executive Chairman. 

This is in line with his vision to transform the BCorp Group into an institutionalised corporation, managed by professionals.

BCorp Group CEO, Jalil Rasheed who was appointed to the Board on March 16, 2021,  has been mandated to transform the BCorp Group into a high performing organisation.

“With Jalil Rasheed on board as Group CEO, handling the strategic and operational decision-making and planning the future business direction of the BCorp Group, together with Executive Deputy Chairman, Datuk Seri Robin Tan, I am confident that the BCorp Group is in capable hands and would be able to move forward progressively towards greater heights.

“It is also important to give Jalil space and freedom to run Berjaya in his own style. I can now take a step back from active day-to-day involvement in the Group’s businesses and devote more of my time and energy to promoting charitable initiatives and other interests. 

“I have been blessed with my fortune and am thankful for the many opportunities Malaysia has given me. Now it’s time to give back,” said Tan.

He further said he is particularly passionate about building affordable homes for Malaysians as housing is a basic need and essential for a person’s sense of dignity, safety and inclusion. 

In the last two years, the Better Malaysia Foundation has assembled a “brain trust” of like- minded professionals to help formulate innovative solutions to address the affordability gap faced by low-income Malaysians, namely the B40 households. 

“We are launching a new social enterprise programme with one national goal, which is to assist our Government’s efforts in solving the home ownership needs for low-income Malaysians through innovative and sustainable solutions.

“Our Government has always been passionate about providing affordable homes for low-income Malaysians. We believe that the new social enterprise programme will be able to complement the Government’s affordable housing agenda.” 

Jalil, who will be taking the first three months to do a strategic review of the BCorp Group, said, “I am currently working with Datuk Seri Robin Tan and the BCorp Board to kickstart the transformative process and bring Tan Sri Vincent Tan’s future vision for the Berjaya Group to fruition.”

He added BCorp will engage with the public and investment community when they are ready to unveil their strategic plan.