Mahathir steps up as Khazanah’s new boss
Published on July 31, 2018
In a move that made heads spin and headlines buzz, Malaysia’s Prime Minister Mahathir Mohamad has taken the helm as Chairman of the nation‑wide sovereign wealth fund Khazanah Nasional. The solution came from the PM’s office in a breezy statement on Monday, July 30.
Who else is getting a seat at the table?
- Azmin Ali, the Economic Affairs Minister, joins the board as one of four new directors.
- Three additional directors will also be brought in, filling out the cabinet of influence.
- The appointments take effect right away—no delays in the shuffle.
- Don’t worry, the role of Managing Director will be filled later; think of it as the “TBD” spot on a grander roster.
Why the sudden shake‑up?
Just last week, the entire Khazanah board and its Managing Director famously walked away—this was the biggest management brawl at state‑linked enterprises since the new government took the reins. A swathe of resignations that meant the foundation was left a little raw, but now it’s getting a new captain and fresh crew.
What does it mean for the people?
This change could signal a cleaner, more accountable future—though some folks are still watching closely to see how this all plays out in practice. Whatever happens, it’s clear the world is watching Khazanah, and now it’s under the leadership of an experienced, if somewhat seasoned, political veteran.
