KUALA LUMPUR: Dagang NeXchange Bhd (DNeX) has appointed Faizal Sham Abu Mansor as its group chief executive officer (CEO), effective November 1, 2024.
Faizal will officially assume leadership from executive chairman Tan Sri Syed Zainal Abidin Syed Mohamed Tahir Jamalullail on Dec 31, 2024.
Syed Zainal Abidin will be redesignated as non-executive chairman on Jan 1, 2025, DNeX said in a statement.
"We are confident that Faizal's expertise and proven track record will be able to drive the group's growth and expansion journey with an added focus on increasing cross-selling within the group, leverage on the recent partnership with global players such as Google, and internal realignment to focus on cost efficiency, improving profitability, and ensuring sustainable return to shareholders," Syed Zainal Abidin said.
Faizal is currently an independent non-executive director and chairman of the audit committee for YTL Power International Bhd and Solution Group Bhd.
He recently served as executive director and group chief financial officer (CFO) at Vantage Energy Group (2021-2024), a private oil and gas company, where he led strategic initiatives in financial management, mergers and acquisitions, and capital restructuring while managing investor relations.
Previously, Faizal held the CFO position at Malaysia Airports Holdings Bhd (MAHB) from 2006 to 2015, where he was repeatedly recognised as the country's top CFO by both local and international organisations.
From 2015 to 2018, he served as CEO of Astro Productions and Astro Awani under Astro Malaysia Holdings Bhd, where he successfully turned both entities profitable.
Faizal also spent six years in the financial sector, with roles at Bank of Tokyo-Mitsubishi and the corporate finance and investment banking division of AmMerchant Bank Bhd (now AmInvestment Bank Bhd).
As of 10:00 am today, DNeX's share price had dropped half a sen to 35 sen, giving the company a market capitalisation of RM1.22 billion.