PLUS appoints Anwar Ishak as Teras Teknologi CEO

• Experienced Tech Specialist Aspires to Drive Toll Industry to New Frontiers
• Appointment reflects PLUS commitment to continue to lead in highway industry

[Ed: An earlier version spelled the company name wrongly in the headline and caption. The error is regretted.]

Teras Teknologi Sdn Bhd has appointed Anwar Ishak (pic) as its new Chief Executive Officer as it embarks on a new journey that will place the organization at the forefront of toll industry digitalization and also bring it into adjacent industries with new technologies.

Anwar, who graduated with a Master of Engineering in Computer Systems and Electronics from King’s College of London has over 20 years of experience in the digital, startup, and telecommunications space. Anwar was instrumental in developing and strengthening the technology aspect of various new media agencies, including an aviation startup in the UK, where he successfully developed a web-based airport passenger and baggage boarding system, loyalty programs, and cashless payment systems, which are widely adopted and implemented by United Kingdom-based and worldwide clients.

In 2017, Anwar returned to Malaysia to head the Digital IT function of Digi Telecommunications, where his key responsibility was to drive the digitalisation of the telco from a technology perspective which included transforming the way of working, managing expenditures, managing digitalisation strategies as well as research and development for new businesses.

“I am excited to join Teras at a time when Radio Frequency Identification (RFID) will be the catalyst of change for the logistics industry. I believe with the technological expertise of Teras, PLUS will be able to stamp its position as the leader and lift the highway industry to greater heights through its digitalization adaptation,” said Anwar.

As CEO of Teras, Anwar will also be a member of the senior executive leadership of PLUS where he will be working alongside other C-Suites to ensure that digitization efforts will be sustainable and promotes growth within the company.

In addition, Azman Ismail, Teras Chairman said that Anwar’s appointment reflects the commitment of the company in ensuring PLUS continues to lead in the highway industry. Anwar is expected to enhance PLUS’ efforts to strengthen innovation beyond toll collection with the aim of modernizing the existing expressway and tolling systems, in line with the nation's aspiration to increase public-private partnership as outlined in the 12th Malaysia Plan.

Teras is a 150 strong, wholly owned subsidiary of PLUS. The company is a pioneer in the Electronic Toll Collection systems technology with 27 years of proven track record in Malaysia as well as other countries in Asia. It has been involved in setting up the systems for more than 1,400 expressway lanes and is experienced in the transportation system solutions.