KUALA LUMPUR (Jan 18): Cypark Resources Bhd has appointed Datuk Mohammad Zainal Shaari and Norita Ja’afar as independent non-executive directors of the renewable energy company, effective Thursday.

Mohammad Zainal, 60, was chief executive officer (CEO) of Tradewinds Group Malaysia, the holding company of Tradewinds (M) Bhd from June 2021 until his retirement in May 2023.

Prior to that, he assumed the role of group managing director at Tradewinds (M) in June 2014, then the holding company of Padiberas Nasional, Central Sugars Refinery, Tradewinds Plantation and Mardec.

Mohammad Zainal was also executive director and chief operating officer (COO) of Khazanah Nasional Bhd between 2004 and 2013.

Meanwhile, Norita currently serves as an independent non-executive director of Johor Plantations Bhd, where she also sits on the Sustainability Committee and Tender Committee.

Her extensive experience includes leadership roles as CEO of TFX Global Sdn Bhd and COO for the Malaysian Global Innovation & Creativity Centre.

Mohammad Zainal and Norita also served as independent non-executive directors on Cypark’s nomination and remuneration committee as well as its audit and risk management committee.

Following its most recent annual general meeting last October, Cypark has established a three-member board executive committee to provide business and strategic oversight and to fortify its board composition.

“Strong boards drive sustainable growth. Cypark is confident that the additions to the board, together with the Board Executive Committee, will fortify corporate governance, business leadership and new strategic initiatives, cementing our pathways in Malaysia’s renewable energy sector,” Cypark’s chairman Datuk Ami Moris said in a statement.

Cypark booked a net profit of RM992,000 for the second quarter ended Oct 31, 2023 on revenue of RM55.28 million. This brought its net profit for the first half of FY2024 to RM1.3 million while revenue stood at RM91.8 million.

Shares of Cypark closed down five sen or 5.52% to 85.5 sen on Thursday, valuing the group at RM699.65 million.