ENCORP Bhd announced that Datuk Seri Mohd Effendi Norwawi, 61, has been appointed as executive chairman of the group effective today, marking his return to the Malaysian corporate scene he left some time ago to concentrate on a political career.
Effendi’s experience in the corporate world includes a stint as executive chairman of Sarawak Economic Development Corporation which he led for 15 years, Encorp said in a statement.
He was also the chairman of Bank Utama (now part of the RHB Banking Group) between 1990 and 1995 during which he led its turnaround into one of the major banks in Malaysia at the time.
He also founded ntv7, the private free-to-air TV channel that he has since divested.
Effendi also served as a state assemblyman in Sarawak until 1999 and later as Member of Parliament between 1999 and 2004.
He was Minister of Agriculture from 1999 to 2004, and was a Special Envoy of the Prime Minister for Higher Education with a Ministerial rank in September 2004 before being appointed Minister in the Prime Minister’s Department in charge of the Economic Planning Unit, in 2006, a position he held until 2008.
Effendi continues to serve the Government as a Senator today, a position he was appointed to in 2006.
Meanwhile, Encorp, listed on the Main Board of Bursa Malaysia on Feb 11, 2003, is mainly involved in niche residential and commercial property development projects as well as large-scale construction management.
It is the developer of The Strand Encorp, a new shopping-cum-commercial icon located in the heart of the fast-growing Kota Damansara area in Petaling Jaya. – Bernama