KUALA LUMPUR (Dec 14): Tenaga Nasional Bhd has appointed its chief operating officer Datuk Megat Jalaluddin Megat Hassan to be its next president and chief executive officer, succeeding Datuk Seri Baharin Din, whose tenure is expiring Feb 29, 2024.
Megat Jalaluddin’s appointment by TNB’s special shareholder Minister of Finance (Inc) will be effective March 1 next year, for a period of two years until end-Feb, 2026, according to the utilities giant’s stock exchange filing on Thursday.
Megat Jalaluddin, 58, first joined TNB in 2006, and left for Celcom in 2008, before returning to the utilities company in 2009.
“[Megat Jalaluddin] built his career in TNB, [at] which he had served in various engineering and managerial positions within the company, including business and strategic planning, business development, project management, business process improvement, metering service and engineering service,” said TNB.
“The board of directors of TNB would like to express its appreciation to [Baharin] for his contribution to the company,” the group said.
Shares of TNB closed nine sen or 0.9% higher at RM9.97 on Thursday, giving it a market capitalisation of RM57.7 billion.