Over the last 12 months, in preparation for the strategic restructuring, CMSB has implemented a planned, measured and robust succession plan, it said. File Photo
KUCHING: Cahya Mata Sarawak Berhad (CMSB) today announced a strategic restructuring at Board level which will allow Datuk Syed Ahmad Alwee Alsree to retire after serving the group for more than 15 years.
Over the last 12 months, in preparation for the strategic restructuring, CMSB has implemented a planned, measured and robust succession plan.
The restructuring allows Datuk Syed to relinquish all his roles at CMSB.
Explaining the move, CMSB’s Chairman, Tan Sri Abdul Rashid Abdul Manaf, said: “Datuk Syed Ahmad has been a loyal and faithful servant of CMSB for over a decade-and-a-half. His contributions to the development and growth of CMSB are immeasurable, as is our thanks and appreciation to him.”
Datuk Syed Ahmad Alwee Alsree said: “My time with CMSB has been an amazing journey. I have seen the company grow by leaps-and-bounds, from 2004 when I joined as the group general manager of HR, through my time as deputy group managing director and then ultimately as group executive director. It gives me endless pride to know that I played a role in CMSB reaching status it now holds.
“However, after 15 years, it is time for a new challenge and this restructuring delivers that opportunity.”
The company’s robust succession planning will see the highly experienced 23 year CMSB veteran Dato Isaac Lugun take the helm as group managing director.
A Sarawakian, Isaac has worked his way up through the ranks since he joined in 1996, having previously worked at Exxon Mobil and PETRONAS.
He has become hugely respected for his leadership skills, business acumen and for his ability to continually identify strategic business opportunities and convert them into first-mover pivots, a statement from the company said.