Nazir to step down from EPF panel this month

New Straits Times - - Business | News - DATUK SERI NAZIR RAZAK

KUALA LUMPUR: Datuk Seri Nazir Razak has opted not to con­tinue as an Em­ploy­ees Prov­i­dent Fund (EPF) panel mem­ber when his ten­ure ends this month.

“Af­ter (a record) 15 years as EPF panel mem­ber, I have de­cided not to be con­sid­ered for re­newal at the end of my ten­ure this month.

“It’s been such a huge hon­our and priv­i­lege to serve since 2002 and wit­ness EPF as­sets grow from RM200 bil­lion to over RM750 bil­lion to­day, pay con­sis­tently good div­i­dends, and di­ver­sify from pure Malaysian in­vest­ments to al­most 30 per cent in the rest of the world,” said the CIMB Group Hold­ings chair­man in an In­sta­gram post.

EPF was a world-class pen­sion fund and a great Malaysian suc­cess story, he said.

“So long as it con­tin­ues to be led with in­tegrity by a strong lead­er­ship team and fol­lows its es­tab­lished in­sti­tu­tional pro­cesses, EPF will con­tinue to grow from strength to strength.” Nazir, who shared a photo of him­self with EPF chair­man Tan Sri Sam­sudin Os­man, also ex­pressed grat­i­tude to the rest of the panel and EPF staff.

Among those who com­mented on Nazir’s In­sta­gram post was AirAsia Bhd group chief ex­ec­u­tive of­fi­cer and founder Tan Sri Tony Fer­nan­des, who said good lead­er­ship was to know when to move on.

“Take a bow for all the work you have done in be­ing part of a great or­gan­i­sa­tion.

“Onto big­ger and bet­ter things and hope the foun­da­tion you helped to build will main­tain and grow. EPF has been a model in­sti­tu­tion,” said Fer­nan­des.

So long as it con­tin­ues to be led with in­tegrity by a strong lead­er­ship team and fol­lows its es­tab­lished in­sti­tu­tional pro­cesses, EPF will con­tinue to grow from strength to strength. CIMB Group Hold­ings chair­man

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