,Vincent Tan steps back
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TYCOON Tan Sri Vincent Tan, who surprised corporate Malaysia with the appointment of Abdul Jalil Abdul Rasheed as the new chief executive officer of Berjaya Corp Bhd (BCorp), says this will be the first step of him taking a backseat.
He says it is his wish that none of his children would be involved in the listed businesses and to let professional managers run it.
Abdul Jalil, 38, a former CEO of Permodalan Nasional Bhd, is the first non-family member CEO of Berjaya.
“My children can start their own business as they already have. We need to have a clear demarcation of listed and private entities.
“This could also involve having a family constitution that defines involvement within the group so we pick only the best for the job, ” Tan tells StarBizWeek in an interview.Strengthening operations: Berjaya Times Square, which houses BCorp’s headquarters. The group is in a period of consolidation to sweat its assets better and enhance its value.
He also says that he wanted to focus on doing charity work, pointing out that he had been a big supporter of Tzu Chi Foundation (an international humanitarian organisation) and would like to devote more time to its cause.
“The best decision I have made in my life is becoming a vegetarian after meeting Master Cheng Yen. I feel physically healthier, mentally more alert and spiritually richer.”
Cheng Yen is the founder of Tzu Chi Foundation, a Buddhist humanitarian group.
Tan admits he announced his retirement in 2012 when he celebrated his 60th birthday, which included relinquishing his position as chairman, but only to return as executive chairman in 2017.
“There has been a big difference since then. I am 69 years old now and by next year, I will be 70. I think that’s enough. I have been working since I was 17 years old when I first joined a bank as a clerk and I have been working non-stop for almost 52 years now, ” he says, adding that although he has jet black hair, it did not mean he wasn’t tired.
Tan says his values in life have also changed and that he has become a vegetarian and wants to leave a mark in a small way for the environment by not consuming meat and adding to greenhouse emissions.
“I’m also passionate about building affordable homes for Malaysians. Housing is a basic need of human being. It is essential for a person’s sense of dignity, safety and inclusion.Vincent Tan