Shahrol vacates 1Malaysia Development CEO post to eventually head Pemandu

PETALING JAYA: 1Malaysia Development Bhd (1MDB) founding managing director and chief executive officer Datuk Shahrol Halmi has left the position to join another government unit - the Performance Management and Delivery Unit (Pemandu).

People familiar with the matter said Shahrol would report directly to Pemandu chief executive officer Datuk Seri Idris Jala and would take over the portfolio of Mohammed Emir Mavani Abdullah, who has since been appointed as chief executive officer-designate at Felda Global Ventures Holdings Bhd. According to the Pemandu website, Emir is oil, gas & energy, and financial services National Key Economic Area director, among others.

The internal announcement of Shahrol's appointment was made last week, a source said, adding that it was likely that he could eventually head the unit.

When contacted by StarBiz, Shahrol confirmed he was leaving for Pemandu.

Stanford-educated Shahrol has over 13 years of experience in information technology (IT) transformation, IT integration, service-oriented architecture and complex system implementations involving large government-linked entities, government agencies as well as local, regional and global financial institutions, according to information on 1MDB website.

He has led key projects in Malaysia, including a multi-year transformation programme at the Employees Provident Fund, as well as planning and executing the merger of Sime Darby Bhd, Kumpulan Guthrie Bhd and Golden Hope Plantation Bhd to form Synergy Drive Bhd, the world's biggest plantation company.

Before joining state investment firm 1MDB, Shahrol was the executive partner of Accenture and managing director of the Public Service Group of Accenture Malaysia Sdn Bhd.

He joined Accenture in 1995 and built his career in business consulting through projects in various industries such as government, financial services, and oil and gas.

Information on the website also revealed that experienced manager Mohd Hazem Abdul Rahman would replace Shahrol at 1MDB.

Hazem has over 17 years experience in various sectors, including banking, equities and the power sector, with extensive experience in overseeing corporate planning and strategy, investor relations, management and operations, as well as operational turnaround activities.

Shahrol will remain on the board of directors of 1MDB.