KUALA LUMPUR, UEM Sunrise Bhd (KL), the property development arm of Khazanah Nasional Bhd’s UEM Group Bhd, has appointed experienced corporate executive Shaharul Farez Hassan as its new managing director and chief executive officer (CEO), effective Nov 17.
The appointment ends an eight-month leadership vacuum at the company following the resignation of former CEO Sufian Abdullah in February this year.
Shaharul Farez Hassan has been appointed UEM Sunrise Bhd’s managing director and chief executive officer.
Shaharul Farez, 55, brings with him more than three decades of experience across multiple industries, including property development, automotive, and energy. He most recently served as the chief operating officer of DRB-Hicom Bhd (KL) from 2016 to 2022, where he played a key role in driving operational transformation across the conglomerate’s portfolio of businesses.
Prior to that, he helmed Tradewinds Corp Bhd as group chief executive officer from 2008 to 2015, overseeing its diversified interests in hospitality, plantations, and property. His career also includes a stint as executive vice president of corporate at Malakoff Corp Bhd (KL) between 2015 and 2016.
In addition to his management roles, UEM Sunrise noted that Shaharul Farez also served as a board member of Proton Holdings Bhd, contributing to the national carmaker’s strategic realignment and growth initiatives.
“His extensive leadership experience and strong corporate background will be instrumental in steering UEM Sunrise through its next phase of growth and value creation,” the group said in a filing with Bursa Malaysia on Tuesday.
Grace Yap Mei Wan
In a separate announcement, UEM Sunrise also named Grace Yap Mei Wan, 58, as an independent non-executive director, effective Nov 3. Yap currently serves on the boards of Bata Malaysia Sdn Bhd and Sungei Bagan Rubber Co (M) Bhd (KL), bringing over 30 years of experience in finance and corporate governance.
At Tuesday’s close, UEM Sunrise shares fell one sen or 1.47% to 67 sen, valuing the property developer at RM3.39 billion.
