KUALA LUMPUR: THE government has announced the new board members of Khazanah Nasional Bhd, chaired by Prime Minister Tun Dr Mahathir Mohamad .
The board members of the sovereign wealth fund are Economic Affairs Minister Datuk Seri Azmin Ali, former Petronas chairman Tan Sri Mohd Hassan Marican, Bank Negara Malaysia former deputy governor Dr Sukhdave Singh and former Securities Commission executive director Goh Ching Yin.
The appointments take effect immediately, the Prime Minister’s Office said yesterday.
“The appointment of the managing director will be made at a later date,” it added.
The appointments came after the previous Khazanah board members offered to resign on Thursday to facilitate a smooth transition under the new government.
Former prime minister and finance minister Datuk Seri Najib Razak had earlier resigned as Khazanah chairman on May 31, after Barisan Nasional’s defeat in the 14th General Election.
Dr Mahathir, who founded Khazanah in 1994 during his first term as prime minister, had claimed that the fund had deviated from its original objectives.
Hassan, 65, was chief executive officer and president of Petronas from 1995 to Feb 4, 2010, and was its acting chairman until Feb 4, 2010. He is also senior international adviser of Temasek International Advisors, a subsidiary of Temasek Holdings.
Sukhdave joined the central bank in 1986, and holds a PhD in Monetary and International Economics from Vanderbilt University, the United States. He retired as the senior-most deputy governor of the central bank on Dec 31 last year.
Goh is executive director at Shangri-La Hotels and chairman of the private equity arm of Ma-layan Banking Bhd. He was the executive director of strategy and development at the Securities Commission from 2007 to 2016.
