Iskandar Waterfront Holdings Group (IWH) has appointed Tan Sri Shahril Ridza Ridzuan as the company’s Independent Non-Executive Chairman, effective 18th May 2022.
Tan Sri Dato’ Lim Kang Hoo, IWH’s Executive Vice-Chairman and also a major shareholder of IWH said, “We are very happy to welcome Shahril. His credentials are superb, with an outstanding track record as a corporate leader. He is a perfect fit as the chairman of the board and will take us to greater heights”.
Shahril, 52, has held various top positions in several organisations, including the Chief Executive Officer of the pension fund Employees Provident Fund (EPF) from April 2013 to August 2018 and Khazanah Nasional Berhad’s Managing Director from the 20th of August 2018 to the 19th of August 2021.
Prior to that, Shahril also served as the Managing Director of Malaysian Resources Corporation Berhad (MRCB), where he was instrumental in developing KL Sentral, a successful Transit-Oriented Development in the heart of Kuala Lumpur.
Shahril is current the Independent Non-Executive Chairman for Axiata Group Berhad. Presently, he is also a Non-Executive Director of Malaysia Airlines Berhad (MAB) and Malaysia Aviation Group Berhad, where he chairs the Board Nomination and Remuneration Committee.
Apart from his impressive corporate experience, Shahril also has impeccable academic credentials. He obtained a Master in Arts (First-Class Honors) from Cambridge University and Bachelor in Civil Law (First-Class Honours) from Oxford University.
Lim said he looks forward to tapping into Shahril’s wealth of experience in various sectors and transit-oriented development. With the recent announcement by the Governments of Malaysia and Singapore on the joint implementation of the Johor Bahru-Singapore Rapid Transit System (RTS), IWH is poised to benefit from the RTS project and other developments in Johor.
Shahril thanked the IWH board for the opportunity to serve with the group, adding that with the projected recovery and growth of the real estate sector, IWH was well positioned to explore and undertake the new opportunities.
“I welcome this opportunity to contribute and look forward to working with the Board and management to unlock new growth opportunities for the IWH group”, he said.
IWH, a public-private partnership involving the Johor State, Federal governments and local investors, is the master developer of approximately 4,700 acres of waterfront land on the eastern, central and western sides of the Johor Causeway.
The Johor State Government, through Kumpulan Prasarana Rakyat Johor (KPRJ) owns 37% of the company, with the balance 63% owned by Credence Resource Sdn Bhd, a company controlled by Lim.