KUALA LUMPUR (March 15): Underground utilities and substation engineering outfit MN Holdings Bhd has appointed Tenaga Nasional Bhd’s former chief executive officer Datuk Seri Baharin Din as its independent non-executive chairman.

Baharin served as CEO of the national utility giant for three years from March 2021 to February 2024. He also served as managing director of Sabah Electricity Sdn Bhd from March 2007 to November 2011.

“We are honoured to welcome Datuk Seri Baharin into the MN Group,” said MN Holdings managing director Datuk Clement Toh in a statement.

“With Datuk Seri Baharin’s proven track record, strategic leadership and vast experience in the energy sector, I am certain that he will help guide MN Group in its next phase of growth towards energy transition,” Toh added.

With experience spanning over 35 years in the energy sector, Baharin had led Tenaga’s businesses across the value chain — generation, transmission, distribution and retail — with presence in the UK, Kuwait, Türkiye, Saudi Arabia and India.

Baharin holds a Bachelor of Science in Electrical Engineering from the University of Syracuse and a Master in Business Administration (MBA) from Bond University, Sydney/UNITEN, Malaysia.

His appointment as MN Holdings’ chairman is effective immediately.

MN Holdings said it has an outstanding order book of RM407.9 million lasting two to three financial years.

Shares of MN Holdings have rallied by 143% in the past year, and 21% this year alone. The counter closed unchanged at 64.5 sen on Friday, giving it a market capitalisation of RM284.6 million.