Tan Sri Abdul Rashid

Cahya Mata Sarawak Berhad appoints Tan Sri Abdul Rashid bin Abdul Manaf as Group Chairman

Kuching (Sarawak), Wednesday, 26 September 2018 – Cahya Mata Sarawak Berhad (CMSB) has announced the appointment of its new Group Chairman, Tan Sri Abdul Rashid bin Abdul Manaf, effective 1 October 2018. Tan Sri Abdul Rashid will be taking over the responsibility from Interim Group Chairman, Dato Sri Mahmud Abu Bekir Taib, who reverts to the post of CMSB Deputy Group Chairman.

Tan Sri Abdul Rashid started his career in 1970 in the Malaysia Judicial and Legal Service and served as Magistrate, President, Sessions Court and Senior Federal Counsel to the Income Tax Department. He left government service in 1997 to pursue his career as a practicing lawyer and subsequently in business. Tan Sri Abdul Rashid built a long and distinguished career across industries in the business world and has a respected track record in judicial and governmental affairs, where he first grew to eminence. He became one of the principal legal advisers to the Renong Conglomerate with involvement in various Federal Government transactions, on and off-shore, and in various infrastructure projects throughout the country. He was also a Commissioner for Oaths and Notary Public for many years.

Dating back to 1977, Tan Sri Abdul Rashid, has served in several key positions in Malaysian corporations. These included Chairman of S P Setia Berhad, Loh & Loh Corporation Berhad, Pohmay Holdings Berhad and SMIS Corporation Berhad – all companies listed on Bursa Malaysia. Upon completion of his Chairmanship term with S P Setia Berhad, Tan Sri Abdul Rashid set up Eco World Development Group Berhad, a public company listed on the main market of Bursa Malaysia Securities Berhad, which is principally involved in property development. He is now a Founder Director of the Company. Historically, Tan Sri Abdul Rashid was appointed a Director of Stamford College Berhad on 27 June 1994, demonstrating his versatility and dynamic approach to very different sectors on which he has been able to juxtapose his experience.

Dato Isaac Lugun, Group Chief Executive Officer – Corporate said of his appointment: “CMSB has grown tremendously, especially from a corporate governance perspective, under the stewardship of Y A M Tan Sri Syed Anwar Jamalullail over the last 12 years, and today we pay credit to his strong legacy and many achievements. After the retirement of Y A M Tan Sri Syed Anwar, Dato Sri Mahmud was appointed as the Interim Group Chairman while CMSB searched for an independent Chairman. We are now pleased to announce the appointment of Tan Sri Abdul Rashid as our new Independent Group Chairman, reinforcing our core belief in good corporate governance to ensure that independence, both in substance and in form, is upheld at all times.

“With his many years of experience and knowledge of the business and corporate world, Tan Sri Abdul Rashid’s appointment will prove pivotal to the growth of CMSB, helping build on our progressive outlook as a group of companies fundamental to the future growth and development of Sarawak. I have no doubt that his extensive and wide-ranging experience in industry sectors of particular relevance to CMSB will serve our four major stakeholders well; namely, our shareholders, the communities we serve, our customers and our employees. In all his capacities over the years, he has displayed remarkable strength and exceptional leadership that has delivered demonstrable and long-lasting results for those organisations in which he has been involved. Essentially, he is a leader that believes business can and should be dynamic and transformational – improving lives, achieving strong growth and building stronger communities.”