Board changes at Boustead

PETALING JAYA: Several board changes have taken place within Boustead Holdings Bhd and its other associate companies.

The conglomerate, which is a privatisation target of its majority shareholder, has appointed Izaddeen Daud as its new executive director of group business development, effective yesterday.

An accountant by training, Izaddeen, 51, was earlier appointed on the board of Boustead as an independent non-executive director on May 18, 2020.

In a statement yesterday, Boustead said Izaddeen will be tasked to facilitate the growth of the conglomerate by bringing in new businesses, building new prospective business relationships, as well as generating synergies between companies within the group. He will be assisting the managing director in supervising the unlisted companies under the group’s trading, finance and investment division.