Mohd Nasir Ahmad is CIMB Group’s new chairman
KUALA LUMPUR: Datuk Mohd Nasir Ahmad has been announced as CIMB Group Holdings Bhd group chairman effective October 20, upon approval by Bank Negara Malaysia.
Nasir would take over from Datuk Seri Nazir Razak who will step down on October 19, CIMB Group said in a statement.
Nazir had on September 24 announced his intention to retire as chairman and all other positions within the CIMB Group.
“Congratulations to Datuk Mohd Nasir whom I have known since the early 1990’s and greatly respect. I am delighted that following the September 24 announcement of my intention to retire, the board has been able to appoint my successor quickly from within the group board, and someone capable of taking over immediately,” Nazir said in the statement.
“I am, therefore, relinquishing all my positions in the CIMB Group with effect from today. Naturally, I will make myself available to assist the new chairman in any way to ensure a smooth transition.”
Nasir has been a member of the board of directors (BOD) since 2015, and the group’s senior independent director since April 2016.
As part of the appointment, Nasir will relinquish his positions as senior independent director and chairman of the audit committee.
He will remain as a member of the group BOD’s audit committee, risk committee and group nomination and remuneration committee.
Nasir has 39 years of corporate experience through companies such as Tenaga Nasional Bhd, Syarikat Permodalan Kebangsaan Behd and Perbadanan Usahawan Nasional Bhd.
He is the group chairman of Media Prima Bhd, as well as an independent director of CIMB Bank Bhd, SIRIM Bhd and Sistem Televisyen Malaysia Bhd.
Speaking on behalf of CIMB Group’s BOD, chairperson of group nomination and remuneration committee, Teoh Su Yin said: “Nasir’s substantial corporate experience in various capacities and leadership roles, coupled with his three-year directorship on the CIMB Group Board, will provide valuable guidance and continuity during this time of transition and CIMB’s continued evolution.
“The board would also like to record its deep appreciation to Nazir under whose tenure CIMB grew and became a leading Asean financial institution, and we wish him all the very best for the future.”
CIMB Group Group CEO Tengku Datuk Seri Zafrul Aziz said: “On behalf of the management, we would like to congratulate and welcome Datuk Mohd Nasir as the chairman of CIMB Group. We look forward to being guided by him as we start executing our next mid-term growth plan in 2019, which will focus on, among others, our people, customers, digital and sustainability.
“I would also like to record my personal gratitude to Nazir, whose strong passion for excellence has become part of CIMB’s culture, and whose legacy will continue to be reaffirmed in all CIMB’s future successes.”
Source: NST