CIMB appoints ex-PNB chief as group CEO, succeeding Tengku Zafrul

KUALA LUMPUR: CIMB Group Holdings Bhd has appointed Datuk Abdul Rahman Ahmad as its group CEO/executive director as well as CEO/ED of CIMB Bank Bhd effective June 10.

In a filing with Bursa Malaysia today, CIMB Group said Abdul Rahman, who is currently non-executive chairman of Sime Darby Bhd and Velesto Energy Bhd, succeeds Tengku Datuk Seri Zafrul Abdul Aziz, who was appointed as finance minister.

Abdul Rahman was CEO of Ekuiti Nasional Bhd for seven years before being appointed as president and group CEO of Permodalan Nasional Bhd (PNB) in 2016.

At PNB, he was instrumental in driving the strategic diversification of assets, as well as enhancing consumer experience through operational and digitisation initiatives.

Abdul Rahman holds a Masters of Arts in Economics from the University of Cambridge and is a member of the Institute of Chartered Accountants in England and Wales (ICAEW).

Meanwhile, CIMB chairman Datuk Mohd Nasir Ahmad said that with more than 20 years in leadership roles across several industries, Abdul Rahman had demonstrated a strong track record in organisational transformation, driving results, strengthening operational risk and compliance, and innovation amid a rapidly evolving landscape.

“As the industry undergoes fundamental changes, he will bring a fresh perspective to lead CIMB’s continued transformation and build upon its successful Asean franchise.

“We are confident that backed by the tenured and experienced senior leadership team of CIMB, Abdul Rahman will be able to bring the group forward with renewed purpose during these challenging times,” he said. – May 29, 2020, Bernama

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