1MDB’s New Chairman Asri Hamidon

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The Board of Directors of 1Malaysia Development Bhd (1MDB) has announced the appointment of Datuk Asri Hamidon as the new chairman of the Company, effective June 25, 2018.

Bernama

He is also currently the Deputy Secretary-General overseeing government investment at the Treasury.

Former 1MDB chairman Irwan Serigar Abdullah, who was also Treasury Secretary-General, was relieved of his duties following Pakatan Harapan’s win in the May 9 polls.

He was appointed chairman in May last year in a government shake-up of the company, which is owned by the finance ministry.

1MDB has also formed a new Executive Committee (Exco) with Datuk Mohammad Faiz Azmi, Datin Rashidah Mohd Sies and Datuk Wan Mohd Fadzmi Wan Othman as members, the Ministry of Finance said in a statement here today.

The Exco has been entrusted by the Board of Directors to manage the day-to-day running of the Company, it said.