Shadine Taufik · · 1 min readMalaysia-based Cradle Fund’s group CEO steps down
Cradle Fund, an early-stage startup venture fund owned by the Malaysian government, announced that Rafiza Ghazali will step down as group CEO with effect from May 31. Ghazali was leaving her role to pursue other opportunities, the firm said.
Photo credit: Cradle Fund
The board has appointed Norman Matthieu Vanhaecke, currently senior vice president of corporate services, as interim group CEO starting June, until a permanent replacement is found.
The company said that Ghazali helped Cradle develop into a startup ecosystem builder and become the coordinating agency for the Malaysian Startup Ecosystem Roadmap during her tenure.
Cradle is Malaysia’s “early-stage startup influencer,” incorporated under the country’s ministry of finance to fund tech startups through its Cradle Investment Program. Currently administered by the Ministry of Science, Technology, and Innovation, Cradle has supported over 1,000 startups so far.
The firm recently launched its first accelerator program, coaching 36 startups on subjects such as funding and implementing business strategies.
See also: These are the most active investors in Southeast Asia’s startups
Editing by Samreen Ahmad and Arpit Nayak
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