Media Prima reshuffles board

Media Prima has appointed YBhg Datuk Mohd Nasir Ahmad (pictured) to the role of group chairman of the board of directors. He first joined the board on 26 February 2016 and was senior independent non-executive director. He was appointed as interim group chairman on 21 May 2018.

The board said it has conducted a “thorough” appointment process for the position and believes Datuk Mohd Nasir is the “most suitable” candidate to lead the group forward, as Media Prima aims to become the country’s leading digital-first commerce and content company.

Following his appointment, Datuk Mohd Nasir will resign from the following positions within Media Prima – chairman of the group’s audit committee, member of the nomination and renumeration committee, and board member of Synchrosound Studio. Meanwhile, he will be appointed as member of the risk management committee and will remain as the chairman of Sistem Televisyen Malaysia.

Datuk Mohd Nasir has more than 30 years of experience in the areas of finance, accounting and management. He began his career at Tenaga Nasional in 1979 and served as CEO of Perbadanan Usahawan Nasional from 2001 until 2011. He also sits on various boards, including CIMB Group, CIMB Bank, MIMOS and Prokhas.

In the meantime, the board has also named Raja Datuk Zaharaton’s as senior independent non-executive director. She first joined the board on 13 August 2015 and served as independent non-executive director. She is currently the chairman of the nomination and renumeration committee.

Taking over as independent non-executive director is Mohd Rashid, who will also be appointed to the following positions within Media Prima – chairman of audit committee, member of nomination and renumeration committee and board member of Sistem Televisyen Malaysia.

Media Prima recently proposed to acquire a 52% stake in Vocket Media, asocial-Millennial Malay digital news site, for RM2,600,000. Thereafter, Vocket will become an indirect-owned subsidiary of the group upon completion of the proposed acquisition.

The proposed acquisition is in line with the transformation plan of Media Prima and its subsidiaries to expand its digital business, the Bursa filing stated. The move is expected to provide the group with the opportunity to solidify its presence in the digital publishing business, which in turn is expected to facilitate the continued growth of the group moving forward.

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