KUALA LUMPUR: Tunku Alizakri Raja Muhammad Alias, previously the chief executive officer (CEO) of the Employee Provident Fund (EPF), has resigned from his role as a non-independent non-executive director at United Plantations Bhd.
United Plantations, which is 5.88 per cent owned by the EPF, said in a stock exchange filing today that Tunku Alizakri resigned as a director of the company due to a "perceived conflict of interest.
Tunku Alizakri joined the board on June 1, 2023.
With a Master of Business Administration from Cornell University and a Bachelor of Law from King's College London, Tunku Alizakri brings nearly three decades of experience in senior management and board positions across diverse industries.
He served as CEO of EPF from August 2018 to February 2021. Prior to that, he held the position of deputy CEO (Strategy) at EPF.
Prior to his tenure at EPF, he held various senior management roles in organisations such as Bank Negara Malaysia and Maybank.
Currently, Tunku Alizakri holds board positions at Bumi Armada Bhd and Petronas Dagangan Bhd, and chairs Malaysian Venture Capital Management Bhd (Mavcap).
Additionally, he serves on the boards of Malaysia Aviation Group Bhd, Malaysia Airlines Bhd, Prudential BSN Takaful Bhd., and Yayasan Hasanah.
In September last year, he was appointed chairman of Penjana Kapital Sdn Bhd, tasked with managing the Dana Penjana Nasional (DPN) program initiated by the government.
United Plantations' share price surged 52 sen, or 2.60 percent, to hit an all-time high of RM20.52 at today's closing, resulting in a market capitalisation of RM8.54 billion.
Year-to-date the stock has gained 2.66 sen, or 14.89 per cent.