NexG suspends functions of CEO Hanifah Noordin

NexG suspends functions of CEO Hanifah Noordin

NexG Bhd (KL:NEXG) has experienced significant corporate governance changes amid a series of major government contract awards. The company recently confirmed the resignation of its external auditor, Baker Tilly Monteiro Heng PLT, citing substantial changes in board composition. NexG has since proposed appointing SBY Partners PLT as its new auditor, pending formal approval.

The boardroom reshuffle follows a wave of departures, including four directors in October 2025— executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman, executive director Datuk Puvanesan Subenthiran, and independent directors Datuk Seri Mohd Sopiyan Mohd Rashdi and Datuk Zainal Abidin Abu Hassan. These exits, along with the recent resignation of chief operating officer Victor Chin and chief strategy officer Jorrine Ang, have raised questions about internal stability. NexG attributed the director resignations to the completion of a "pivotal role in securing a major project" but did not specify further details.

Despite the leadership changes, NexG has secured four major public contracts since late 2024, totaling over RM2.5 billion, including RM1.73 billion for passport production and RM732.72 million for national identity cards. The company has denied rumors of a Malaysian Anti-Corruption Commission (MACC) investigation and emphasized that operations remain unaffected.

As of January 2026, NexG's board includes chairman and CEO Datuk Abu Hanifah Noordin, who holds a 9.28% stake, alongside newly appointed directors from diverse professional backgrounds. The company's shares closed at 31.5 sen on January 16, 2026, with a market capitalization of RM1.17 billion.