Hextar Technologies Solutions Berhad announced the appointment of Y. Bhg Tan Sri Muhammad bin Ibrahim as its new Independent Non-Executive Chairman. Age 63. Date of change is January 3, 2023.

Qualifications: Masters-Public Administration, Harvard Kennedy School, United States of America; Masters-Islamic Finance, International Islamic University Malaysia; Others-Advanced Management Programme, Harvard Business School, United States of America. Degree-Bachelor of Accounting, University of Malaya; Diploma-Advanced Diploma in Islamic Banking and Finance, International Islamic University Malaysia; Professional Qualification: Fellow Chartered Banker, Asian Institute of Chartered Bankers; Professional Qualification: Chartered Accountant, The Malaysian Institute of Accountants (MIA). Tan Sri Muhammad Ibrahim began his career in Bank Negara Malaysia (Bank Negara) in 1984 and has served in the areas of bank regulation and supervision, strategic planning, payment systems, insurance, offshore banking and treasury as well as financial markets.

Tan Sri Muhammad also sat on Bank Negara's Monetary Policy Committee as well as the Financial Stability Committee. Tan Sri Muhammad was appointed Assistant Governor of Bank Negara on 1 December 2004 and was responsible for the supervision of the Investment Operations and Capital Markets Department, the Finance Department and the Foreign Exchange Administration Department of Bank Negara. On 16 June 2010, Tan Sri Muhammad was appointed Deputy Governor of Bank Negara for a term of three years and was reappointed as Deputy Governor of Bank Negara on the expiry of his first term until 15 June 2016.

During his tenure as Deputy Governor, Tan Sri Muhammad was responsible for the management of international reserves, money markets and foreign exchange operations as well as the regulation and development of the financial sector including payment systems where he introduced the e-Payment system to reduce the use of cash and cheques in the Malaysian financial system. Tan Sri Muhammad was appointed the 8th Governor of Bank Negara in May 2016, a position he held until June 2018. Tan Sri Muhammad has also held the position of chairman and member of numerous international, regional and local committees, agencies, councils and corporations overseeing issues such as central banking, economics and finance.

Tan Sri Muhammad was bestowed the Malaysian Federal Award Panglima Setia Mahkota by the Yang di-Pertuan Agong in 2017. The company also announced the appointment of Dato Ong Choo Meng as Executive Director and Mr. Choo Joon Keong as the Group Deputy Chief Executive Officer and Executive Director. Tan Sri Muhammad was the 8th Governor of Bank Negara Malaysia, a position he held from 2016 to 2018.

Tan Sri Muhammad's appointment follows the resignation of Datuk Iskandar bin Sarudin ("Datuk Iskandar") as Independent Non-Executive Chairman of the Company. Datuk Iskandar was appointed to the Board in April 2015 as an Independent Non-Executive Director and was redesignated as Independent Non-Executive Chairman of the Company in November 2020. Dato Eddie is the major shareholder of the Company.

He is a visionary leader and has been instrumental in directing the business growth as well as investment and expansion strategies of the Hextar group of companies over the past 18 years. Under his leadership, Hextar group grew at an accelerated pace and now holds substantial stakes in 9 listed companies with a combined market capitalisation of over MYR 8 billion. Dato Eddie was previously the Executive Director of Hextar Global Berhad as well as the non-independent non-executive director of Hextar Industries Berhad and Hextar Healthcare Berhad.

He recently relinquished his directorships in these companies. Mr. Choo is a career banker and last held the position of Chief Executive Officer for the Malaysian subsidiary of a Thailand based regional bank. Mr. Choo brings with him vast experience and knowledge in banking and an established business network having served in a broad spectrum of managerial and leadership positions for over 30 years.

During this time, he was responsible for, inter alia, strategic planning, harnessing and galvanising synergies for sustainable growth, identifying and developing talents for organizational growth and robust succession planning. Together with Datuk Iskandar's resignation, the company also announced that Mr. Teh Li King has stepped down from his position as Non-Independent Non-Executive Director. Mr. Teh was appointed to the board in March 2021.