Kumpulan Perangsang Selangor’s CEO appointed to the board as managing director

KUALA LUMPUR: The board of directors of the Kumpulan Perangsang Selangor Bhd announced the appointment of Ahmad Fariz Hassan to the Board as Managing Director effective 1 January 2019. He will also assume the role of group chief executive Officer.

Prior to this appointment, Ahmad Fariz was KPS’ chief executive officer, a position he had held since May 1, 2016.

Graduated with a Bachelor’s Degree in Accountancy from Universiti Teknologi MARA, Ahmad Fariz’s 20-year working experience span banking, investment, consumer and property development sectors.

From his previous tenure in Ekuiti Nasional Berhad and Khazanah Nasional Berhad, he honed expertise across a wide ambit of investment decision process, a competency proven useful in his reign in KPS.

Soon after he joined KPS in 2016 as head of strategic planning and investment and subsequently chief executive officer, he successfully mobilised strategic measures to harness aggressive growth potential for the Group.

Capitalising on commercial opportunities in the manufacturing industry, he spearheaded the Business Transformation Plan (BTP), a growth agenda resulting in the Group having stronger business dynamics, with not just regional but also global presence.

With the ongoing implementationoftheBTP,Ahmad Fariz has steered a new business direction for the Group, one which aims for sustainably strong business growth, optimising shareholders return as well as repositioning KPS brand in the market.

KPS has since evolved as a focused investment holding company with core assets in the manufacturing, trading, licensing and infrastructure sectors.

The board also announced the appointment of Koay Li Onn as Independent Non-Executive Director with effect from January 1, 2019.

Currently the managing director of the Bangsawan Group which provides corporate, financial and strategic advice across Singapore and Malaysia, Koay has had successful careers in law and banking for 22 years, and a proven leadership track record of strong revenuegenerating Malaysian business for a multinational Fortune 500 company.