Khazanah Deputy Chairman steps down from Board of Directors

Press Release

Tan Sri Nor Mohamed Yakcop, Deputy Chairman of Khazanah Nasional Berhad (“Khazanah”) today submitted his resignation from the Board of Directors, effective on 30 September 2017. The resignation was submitted at the 84th Meeting of the Khazanah Board of Directors held today. Tan Sri Nor will also vacate the post of Chairman of Khazanah Research Institute on the same date.

Dato’ Sri Mohd Najib Tun Abdul Razak, Chairman of Khazanah Nasional, said: “I would like to thank Tan Sri Nor Mohamed Yakcop for his contribution to Khazanah, in particular for his work on the 10-year Government-Linked Companies (“GLC”) Transformation Programme which was led by the Putrajaya Committee on GLC High Performance. The Board of Directors accepts his decision and we wish him well.”

Tan Sri Nor, 70-years-old, served on the Khazanah Board of Directors for 15 years, being the longest serving board member and the only Deputy Chairman in Khazanah’s 23-year history.

Tan Sri Nor has been instrumental to the success of numerous initiatives including the revamp and transformation of Khazanah from 2004 to the present day, the 10-year GLC Transformation Programme from 2004 to 2015, the development of various economic corridors including Iskandar Malaysia, as well as the formation of Yayasan Hasanah and Khazanah Research Institute, among others. These initiatives and others were executed in his capacity as a Khazanah board member, and in various capacities in public service including as Economic Advisor to the Prime Minister (2000 to 2003), Minister of Finance II (2004 to 2009) and Minister in Prime Minister’s Department, Economic Planning Unit (2009 to 2013).

The Management and Staff of Khazanah wish to record our most sincere appreciation and gratitude for Tan Sri Nor’s sterling contributions and service to Khazanah and the nation.



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