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Published: Thursday May 16, 2013 MYT 12:00:00 AM
Updated: Saturday May 18, 2013 MYT 5:13:01 PM

Newly-elected minister in PM’s dept to help chart nation’s economic path

PETALING JAYA: Maybank president and chief executive officer Datuk Seri Abdul Wahid Omar is looking forward to applying his vast experience gained throughout his career in the private sector in the Government.

“I pledge to do my best and intend to work with all stakeholders so that together, we can help Malaysia achieve its Vision 2020,” said the new Minister in the Prime Minister’s Department who will be in charge of the Economic Planning Unit.

“I am humbled by the responsibility entrusted to me in helping chart the nation’s economic path for the future, especially in the implementation of the Economic Transformation Programmes,” he said in a statement yesterday.

Abdul Wahid helmed Maybank on May 1, 2008.

Prior to Maybank, he was the Group CEO of Telekom Malaysia Bhd. He was also formerly the managing director and chief executive officer of UEM Group Bhd and UEM World Bhd, as well as the executive vice-chairman of PLUS Expressways Bhd.

Maybank chairman Tan Sri Megat Zaharuddin Megat Mohd Nor said the appointment was a fitting tribute to Abdul Wahid’s leadership and capabilities.

“Maybank is indeed proud of the honour accorded to Abdul Wahid and we believe that his exemplary leadership qualities and vast experience will be an asset to the country,” Megat Zaharuddin said in a statement.

He said the Maybank board would be identifying a suitable replacement for Abdul Wahid.

The chairman noted that Abdul Wahid was instrumental in spearheading the transformation of Maybank beginning 2008 as well as overseeing the expansion of its regional footprint, making it the most valuable company listed on Bursa Malaysia, South-East Asia’s fourth largest bank and the World’s 13th Strongest Bank.

Abdul Wahid is the second Maybank president and chief executive officer to join the Cabinet.

In 2008, the then president and chief executive officer of Maybank Tan Sri Amirsham A Aziz was also appointed as Minister in the Prime Minister’s Department to head the Economic Planning Unit (EPU). He was later made chairman of the Economic Advisory Council in 2009.

Meanwhile, Asian Strategy and Leadership Institute (Asli) chief executive officer Tan Sri Michael Yeoh believed the new Cabinet was a balanced one.

“It has brought together technocrats like Abdul Wahid and Datuk Paul Low, as well as experienced ministers and younger ministers,” he said.

Yeoh said the Chinese community should not be disappointed on the lack of Chinese representation in the Cabinet line-up.

“The community rejected the MCA and Gerakan, so they should not be disappointed if there are not many Chinese in the Cabinet. However, perhaps the Prime Minister could have appointed one or two more Chinese ministers,” he said.

Tags / Keywords: Opinion, Nation, News, wahid

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