towards its strategic goals and in navigating the complexities of our industry with grace and foresight. Here, I would like to bid farewell to our former Chief Executive Officer (CEO), Dato’ Seri Ir. Baharin Din, who has demonstrated exemplary leadership in guiding the Management Team and Warga TNB towards achieving the Company’s goals and aspirations. I welcome our new CEO, Datuk Ir. Megat Jalaluddin Megat Hassan, who will have the full support of the Board, as he takes over the helm effective 1 March 2024 and works towards bringing TNB forward to a brighter future. Our Management Team deserves special acknowledgment as well for their efforts, supported tirelessly by our employees, who have shown remarkable resilience and commitment, allowing us to continue brightening the lives of the rakyat everyday. I am immensely proud of our Warga TNB for their dedication and hard work, which are fundamental to our success. I wish to express my heartfelt appreciation to our stakeholders, including our shareholders, government ministries and agencies, regulators, industry partners, and most importantly, our customers. Your trust and engagement are the bedrock of our operations and motivate us to strive for excellence and innovation in delivering sustainable and reliable energy solutions. In closing, I look forward to the continued support and collaboration from all our stakeholders as we forge ahead with optimism and commitment towards a brighter, greener, and more sustainable tomorrow. CHAIRMAN’S LETTER TO SHAREHOLDERS SUPPORTING OUR COMMUNITIES GOVERNANCE DATO’ ABDUL RAZAK BIN ABDUL MAJID Chairman TNB has electrified 108 vehicles within its fleet, aligning with its objective to replace 30% of its vehicles with EVs by 2030 We also formed a new Sustainability Division, headed by the Chief Sustainability Officer, with the key roles to ensure the effective deployment of our sustainability strategies TENAGA NASIONAL BERHAD Integrated Annual Report 2023 32 CEO’S STRATEGIC & OPERATIONAL REVIEW President/Chief Executive Officer