CIMB names Rahman as new new group CEO
JUNE 3, 2020
KUCHING: CIMB Group Holdings Bhd (CIMB) announced that the company’s board of directors has appointed Datuk Abdul Rahman Ahmad as the group chief executive officer/executive director for CIMB and also for CIMB Bank Bhd.
Rahman, who is currently the non-executive chairman of Sime Darby and Velesto Energy Bhd, succeeds Tengku Datuk Seri Zafrul Tengku Abdul Aziz, who relinquished his post to join the government as the Minister of Finance. His appointment will take effect on June 10, 2020.
The Chairman of CIMB, Datuk Mohd Nasir Ahmad said, “I am delighted to welcome Rahman, an experienced CEO who has excelled at strategic leadership and execution.
“With more than 20 years in leadership roles across several industries, Rahman has 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.”
Rahman started his career at Arthur Andersen, London and worked at Trenergy (M) Bhd/ Turnaround Managers Inc (M) Sdn Bhd and Pengurusan Danaharta Nasional Bhd.
He was appointed as the group managing director/chief executive officer of Malaysian Resources Corporation Bhd and subsequently served the same position for Media Prima Bhd where he successfully turned around and transformed the Group into a leading integrated media investment group.
Rahman then helped established
Ekuiti Nasional Bhd, a government linked private equity firm, serving as its chief executive officer for seven years before being appointed in 2016 as the President and Group Chief Executive Officer of Permodalan Nasional Bhd (PNB), the leading Asset Management Company in Malaysia with Assets under Management of more than RM300bn.
At PNB, Rahman was instrumental in driving the strategic diversification of assets as well as enhancing consumer experience through operational and digitization initiatives.
Rahman holds an MA in Economics from Cambridge University, UK, and is a member of the Institute of Chartered Accountants in England and Wales (ICAEW).
“I would like to thank the Board for conducting a rigorous and comprehensive process. We are confident that backed by the tenured and experienced senior leadership team of CIMB, Rahman will be able to bring the Group forward with renewed purpose, during these challenging times,” concluded Nasir.