CIMB picks ex-PNB chief Rahman Ahmad as group CEO

Abdul Rahman Ahmad is group CEO and executive director of CIMB Group Holdings Bhd and CIMB Bank Bhd. (Bernama pic)

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

In a filing with Bursa Malaysia today, CIMB Group said Rahman, who is currently non-executive chairman of Sime Darby Bhd and Velesto Energy Bhd, succeeded Tengku Zafrul Abdul Aziz, who relinquished his post to join the government as finance minister.

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.

Rahman holds a Master 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 Mohd Nasir Ahmad said with more than 20 years in leadership roles across several industries, 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 at CIMB, Rahman will be able to bring the group forward with renewed purpose during these challenging times,” he said.

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