Hektar Asset Management Sdn Bhd (Hektar Asset Management) recently announced the resignation of Johari Shukri Jamil, the Executive Director and Chief Executive Officer (CEO) of Hektar Real Estate Investment Trust (Hektar REIT), effective June 11. Johari, 52, who has served as CEO since June 11, 2022, has decided to step down to pursue other professional opportunities.
The Board of Directors expressed sincere gratitude to Johari for his service and commitment in enhancing value for unit holders. Under his leadership post-pandemic, he revitalized profits and restored confidence in Hektar REIT. The Board wishes him success in his future endeavors.
Prior to his role as CEO, Johari was appointed as a Non-Independent Non-Executive Director of Hektar REIT in February 2022. With over 20 years of extensive corporate experience in real estate, industrial development, logistics, and engineering, Johari played a crucial role in driving Hektar REIT through post-pandemic recovery and spearheading growth.
Throughout his tenure, Johari worked closely with the Board of Directors and management team to define and implement Hektar REIT’s overall strategy, overseeing strategic development and daily operations. Hektar REIT remains committed to navigating the increasingly competitive retail landscape by diversifying its asset portfolio.
As part of this diversification, Hektar REIT is planning its first non-retail acquisition, Kolej Yayasan Saad Melaka (KYSM), a fully residential and co-educational private school offering quality education, expected to be completed by June this year. Hektar REIT is actively pursuing investment plans to enhance assets under management (AUM), income, and valuation to provide sustainable long-term growth for unit holders.
In conclusion, Johari Shukri Jamil’s departure marks a significant transition for Hektar REIT, but the company remains focused on its strategic objectives and growth trajectory. The Board of Directors and management team are dedicated to continuing the legacy of success and delivering value to unit holders in the ever-evolving retail market.