Zelan Bhd, a PN17 company, has appointed Faizal Yusof as its new chief executive officer. The 46-year-old industry veteran brings over 23 years of experience spanning engineering, construction, and infrastructure to the helm of the construction engineering firm.
In a filing with Bursa Malaysia, Zelan’s board expressed confidence that Faizal’s leadership, strategic insight and deep sector expertise will play a pivotal role in steering the company’s turnaround and supporting its ongoing PN17 regularisation plans.
Faizal succeeds Mohd Ariff Abd Samat, who resigned in November last year after just three months as CEO to pursue other opportunities. Since then, Shareena Shahril had been serving as acting CEO.
Zelan was classified under Practice Note 17 (PN17) in May 2023 after its external auditor, Nexia SSY PLT, issued a disclaimer of opinion on the company’s audited financial statements for the year ended 31 December 2022.
-The Star
