CMSB appoints Abdul Rashid as its new group chairman
KUCHING: Cahya Mata Sarawak Berhad ( CMSB) has announced the appointment of Tan Sri Abdul Rashid Abdul Manaf as its new group chairman effective this coming Oct 1.
A press release said Abdul Rashid will be taking over the responsibility from interim group chairman Dato Sri Mahmud Abu Bekir Taib who will revert to the post of CMSB deputy group chairman.
“CMSB has grown tremendously especially from a corporate governance perspective, under the stewardship of Tan Sri Syed Anwar Jamalullail over the last 12 years, and today we pay credit to his strong legacy and many achievements.
“After the retirement of Tan Sri Syed Anwar, Dato Sri Mahmud was appointed as the interim group chairman while CMSB searched for an independent chairman.
“We are now pleased to announce the appointment of Tan Sri Abdul Rashid as our new independent group chairman, reinforcing our core belief in good corporate governance to ensure that independence, both in substance and in form, is upheld at all times,” said group chief executive officer (corporate) Dato Isaac Lugun.
“With his many years of experience and knowledge of the business and corporate world, Tan Sri Abdul Rashid’s appointment will prove pivotal to the growth of CMSB, helping build on our progressive outlook as a group of companies fundamental to the future growth and development of Sarawak.
“I have no doubt that his extensive and wide- ranging experience in industry sectors of particular relevance to CMSB will serve our four major stakeholders well namely our shareholders, the communities we serve, our customers and our employees.
“In all his capacities over the years, he has displayed remarkable strength and exceptional leadership that has delivered demonstrable and long- lasting results for those organisations in which he has been involved.
“Essentially, he is a leader who believes business can and should be dynamic and transformational - improving lives, achieving strong growth and building stronger communities,” the statement added. Abdul Rashid started his career in 1970 in the Malaysian Judicial and Legal Service and served as magistrate, president, Sessions Court and senior federal counsel to the Income Tax Department.
He left the government service in 1977 to pursue his career as a practising lawyer and subsequently in business.
He has built a long and distinguished career across industries in the business world and has a respected track record in judicial and governmental affairs, where he first grew to eminence.
He became one of the principal legal advisers to the Renong conglomerate with involvement in various federal government transactions, on and off-shore, and in various infrastructure projects throughout the country.
He was also a Commissioner for Oaths and Notary Public for many years.