CIMB activates succession plan for CEO role


The candidate to replace Tengku Zafrul, who was appointed Finance Minister "needs to be visionary with a proven track record and the strategic expertise to steer our group", says CIMB Group chairman Datuk Mohd Nasir Ahmad.

KUALA LUMPUR: CIMB Group Holdings Bhd said yesterday that it has activated its succession plan for the role of group CEO and CEO, CIMB Bank Bhd.

The appointment is to replace Datuk Seri Tengku Zafrul Tengku Abdul Aziz, who relinquished his position to join the government as Finance Minister.

CIMB said this process would be managed by the board, with the appointment subject to the approval of Bank Negara.

In a statement, CIMB Group chairman Datuk Mohd Nasir Ahmad said: “To ensure the robustness of the plan, we will be looking at a range of qualified candidates.

“The candidate needs to be visionary with a proven track record and the strategic expertise to steer our group, especially as we navigate increasingly challenging market conditions. We look forward to complete the process as soon as possible.”

Nasir added that in the interim, the senior management team, with the full support of the board, would ensure its business moved forward and all plans laid out to be executed under its mid-term growth strategy, Forward23.

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