PETALING JAYA: Cypark Resources Bhd ’s group chief executive officer Datuk Daud Ahmad has decided to step down from the company and provide the opportunity for the group to transition into its next phase as Malaysia’s leading Bumiputera-led, renewable energy firm.
In a filing with Bursa Malaysia, Cypark said Daud, 58, led the company since its inception, with a vision of building an innovative firm to help realise Malaysia’s mix of renewable energy with pioneering solar and waste-to-energy projects, including the country’s first floating solar implementation.
“Executive chair, Datuk Ami Moris and executive director, Muhammad Ashraf, will lead the company through a leadership transition over the next twelve months in concert with the ongoing strategic review the company has embarked upon,” said Cypark.