CIMB Group Holdings Bhd has appointed Omar Siddiq Amin Noer Rashid, its current group chief operating officer, as officer-in-charge for CIMB and CIMB Bank Bhd with immediate effect, stating that the board has begun its succession plan.
Omar is replacing Tengku Datuk Seri Zafrul Tengku Abdul Aziz, who relinquished his positions as Group CEO of CIMB Group as well as CEO of CIMB Bank on March 9 following his appointment as the new Finance Minister.
He has also resigned from all other board positions, according to a media statement issued by CIMB.
“Tengku Zafrul has served the group for six years, when he re-joined in 2014. He has done an outstanding job, shaping CIMB’s transformation under our T18 and Forward23 strategic plans. His energy and commitment to CIMB will be difficult to match but he leaves behind a better organisation with a stronger footing where he has united and instilled a strong CIMB culture.
“On behalf of the board I would like to thank Tengku Zafrul for all his contributions to the group and wish him well in his next role,” says CIMB chairman Datuk Mohd Nasir Ahmad.
CIMB’s shares closed at RM4.20, down 24 sen, with 25.2 million shares changing hands. – March 9, 2020
