Tobias Hjalmar Mangelmann, a male, German with Malaysian permanent residency, aged 49, was appointed as an Independent Non-Executive Director of the Company on 4 September 2023. He is the Chairman of the Board Sustainability Committee and a member of the Board Nomination and Remuneration Committee, Board Risk Committee, and Board Investment Committee.

In December 1996, he obtained the ‘Vordiplom in Betriebswirtschaftslehre’ from WHU – Otto Beisheim Graduate School of Management and subsequently obtained the ‘Diplom-Kaufmann’ from the same institution in September 1999.

He commenced his career as a Business Analyst at MCF Corporate Finance GmbH in 1998, focusing on financial analysis before leaving in 1999. In 1999, he co-founded and served as the Managing Director/Chief Financial Officer (“CFO”) of Pragma Holding AG, Germany, overseeing financial matters and operations until 2003. Moving to Malaysia, he joined McKinsey & Company, Inc in August 2004, initially as an Associate and later as a Senior Expert. At McKinsey, he advised governments and the private sector, particularly in the energy industry with a focus on sustainability, until April 2012.

In June 2012, he was appointed Director and Head of Asia Pacific at Pöyry Management Consulting (Singapore) Pte Ltd, advising on electricity and land-use sectors. He left in August 2014 to set up Lasaju Consulting Sdn. Bhd. in October 2014, focusing on sustainability.

He also served as Executive Director of Merica Holdings Pte Ltd from February 2015 to April 2018, forming downstream strategies for sustainable forest business in Sabah. He was the representative Director at Asian Forestry Company (Sabah) Sdn. Bhd. (May 2015 to November 2018) and Gerak Saga Sdn. Bhd. (June 2015 to April 2017). Additionally, he was an Executive Director at WeGen Energy Pte Ltd from July 2015 to August 2017, involved in strategy development and representing WeGen Energy Sdn. Bhd. from July 2015 to July 2017.

From July 2018 to December 2020, he served as Senior Advisor at SYSTEMIQ Ltd, supporting sustainability projects in Malaysia, including biomass and bioeconomy assessments and improving municipal waste management.

Currently, he is a director of various other companies but, apart from the Company, does not sit on the board of any public listed company.