While there has been no official statement from Berjaya Corporations or from the Chief Executive Officer himself who likes to take on Twitter, reports in two major English papers have confirmed that sources close reveal that Jalil Rasheed has indeed have stepped down.
The report further added that a replacement has already been identified and an announcement will be made soon, Rasheed was personally picked by Chairman Tan Sri Vincent Tan who hailed the ex PNB CEO as an intelligent person and would help Berjaya Corporation on its transformation.
Rasheed has cited that he will be pursuing personal interests among the reasons for leaving, in his Twitter post the CEO had been hinting after recovering from Covid-19 that “priorities change once you get Covid and spend time at home.”
He recently sold 15 million shares in Bcorp via a direct business transaction, this was picked up by Tan Sri Vincent Tan, Rasheed now holds a 3.318% stake in the group.
The CEO did multiple changes to the group as part of the transformation and consolidation of the business, the Group recorded a pretax profit of RM231.65 million a 546% increase from one-off disposal in Razer Fintech shares. He also courted controversy with the board when he announced his intention in cash making Berjaya Toto, the gaming business under the group.
You can read his appointment statement when he first joined the company here.
