Tenaga Nasional names long-time employee Shamsul Ahmad as president and CEO

KUALA LUMPUR (Feb 27): Tenaga Nasional Bhd (TNB) on Friday announced the promotion of Datuk Shamsul Ahmad as its new president and chief executive officer, effective March 1. He will take over the helm from Datuk Megat Jalaluddin Megat Hassan, who will complete his tenure at the end of this month after two years, according to a statement on Friday. Shamsul is currently the chief regulatory and stakeholder management officer at the national electric utility firm.

The appointment “will ensure continuity, drive transformation and further strengthen” Tenaga Nasional, the company said while thanking Megat Jalaluddin for his service.

Shamsul has been with Tenaga Nasional for over 37 years. He also previously served as the managing director of the company’s fuel supply arm TNB Fuel Sdn Bhd and spent a decade heading TNB Janamanjung Sdn Bhd that manages the coal-fried Sultan Azlan Shah Power Station.

Trained as a mechanical engineer at North Carolina AT&T State University in the US, Shamsul also holds a Master of Business Administration from Universiti Tenaga Nasional.

Shares of Tenaga were up by 14 sen or about 1% to RM14.32 at Friday's noon trading break, valuing the company at RM83 billion.