Y Bhg Dato Sri Mahmud Abu Bekir Taib will become interim Group Chairman ensuring continuity as a high-trajectory company
Kuching (Sarawak), Monday, 23 April 2018 – Cahya Mata Sarawak Berhad (CMSB) today announced that Y A M Tan Sri Dato’ Seri Syed Anwar Jamalullail is stepping down from his current position as CMSB Group Chairman effective 9 May 2018 on expiry of his contract. CMSB have also announced that Y Bhg Dato Sri Mahmud Abu Bekir Taib, currently, CMSB’s Deputy Group Chairman will take the helm as interim Group Chairman on 10 May 2018, while CMSB sources a permanent candidate for the position.
Tan Sri Dato’ Seri Syed Anwar Jamalullail was appointed as an Independent Non-Executive Director of Cahya Mata Sarawak Berhad on 10 May 2006. He was subsequently appointed as Group Chairman on 1 July 2006.
Speaking on behalf of CMSB, its Board of Directors, staff and shareholders, Y Bhg Dato Sri Mahmud Abu Bekir Taib, CMSB’s Deputy Group Chairman, said: “I would like to thank our Y A M Tan Sri Dato’ Seri Syed Anwar Jamalullail for his stewardship and unrivalled commitment to the company for almost 12 years. Tan Sri’s legacy has been wide-ranging and vast during a tenure where he oversaw and implemented pioneering changes, introduced new and innovative strategies and played a transformational role in implementing the company’s long-term strategic plan to expand and diversify CMSB’s business portfolios, which has enabled our businesses to grow and prosper.”
Y Bhg Dato Sri Mahmud Abu Bekir Taib added, “2006 became a turning point for the Group under Tan Sri’s leadership as he steered and transformed the organisation into an outstanding and high performing listed entity – one which, today, is highly regarded and recognised in areas of strong corporate governance practice and unprecedented financial performance. Since 2006, the Group has made a remarkable turnaround and made significant strategic investments in tandem with the State’s industrialisation journey. During Tan Sri’s leadership the share price rose significantly from RM 0.35 (price after the split and bonus) and to a high of RM 6.00 in July 2015 representing an increase of 1,614%. This alone was one of the greatest achievements for our Group in terms of shareholder value creation. Aside from that, there were other great achievements and accolades under Tan Sri’s tenure as Group Chairman. In 2013, Cahya Mata Sarawak Berhad joined the ranks of other listed entities in the top 100 Malaysian companies in terms of share capitalisation. In the same year, CMSB received the acclaimed EDGE Billion Ringgit Club award for the ‘Highest Profits Growth’ and ‘Best Performing Stock – Industrial Products Sector’ for the 1st time. CMSB bagged this award again in 2014. We owe these successes to you Tan Sri.”
From 2015 to the present day, Tan Sri has consolidated CMSB’s position, growing the business exponentially to meet the new challenges of a rapidly developing State.
Speaking about his tenure as Group Chairman, Y A M Tan Sri Dato’ Seri Syed Anwar Jamalullail, said: “Our transformation over the last 12 years to become a company firmly ranked in the top 100 Bursa listed companies with steadily upward trending profits growth, resilience in the face of headwinds and an exciting portfolio of businesses strategically focused on the Sarawak Growth Story, has been well documented. I would like to say thank you to all those who made it a reality. To the communities in which we operate, to the employees with whom we have grown and evolved, to the shareholders who have believed in us, to our loyal customers and suppliers, and to the Government and communities where we operate, I say again, thank you. In those years we have successfully overcome many challenges, risen to realise new opportunities and we have maintained a commitment to the quality of our products and services, and to growth. CMS is far more than a business.
We have become an institution of record and a resource for the State’s development. As I stand down as Chairman, CMSB can reflect, with pride, on a legacy of professional integrity, financial prudence and sustainable growth.”
Tan Sri Dato’ Seri Syed Anwar Jamalullail will also be missed for his wise counsel, critical business insights, exemplary leadership styles; coupled with a warmth, humility and compassion that was experienced by everyone he worked alongside.
Cahya Mata Sarawak Berhad has evolved from a single product manufacturer of cement beginning in 1974 to become a corporation focused on its Vision “To be the PRIDE of Sarawak & Beyond.” Today, the company’s portfolio spans over 35 companies involved in cement manufacturing, construction materials, trading, construction, road maintenance, property development, financial services, smelting, telco infrastructure, education and services.