KUALA LUMPUR: Johor Corporation Bhd (JCorp) today announced the appointment of Datuk Syed Mohamed Syed Ibrahim as its new president and chief executive effective January 10, 2020.
He will be succeeding Datuk Kamaruzzaman Abu Kassim, who announced retirement on December 31, 2019.
JCorp said Syed Mohamed has over 34 years of experience and expertise in banking, corporate, real estate development, technology and business strategy.
Johor chief minister and JCorp chairman Datuk Dr Sahruddin Jamal said JCorp Board members and employees welcome the appointment of Syed Mohamed and is confident that he will continue to ensure JCorp's relevance and sustainability in undertaking its role as a state development agent for over five decades, driven by its mission.
Prior to being appointed to the Johor state conglomerate, Syed Mohamed was Felda Investment Corporation chairman, Iskandar Waterfront Holdings Sdn Bhd predaident and executive director, Encorp Bhd chairman and Iskandar Investment Bhd president and CEO.
Besides that, he also served TH Properties Sdn Bhd as CEO and DRB-Hicom Bhd as group director.
Syed Mohamed began his career at Bank Bumiputera (M) Bhd and Bank Rakyat before joining the Johor State Economic Development Corporation (now JCorp) from 1989 to 1993.
He is also Prasarana Integrated Development Sdn Bhd chairman and a board member of the Sultan Ibrahim Johor Foundation and the Tunku Laksamana Johor Cancer Foundation.