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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

CIMB , activates , succession , plan , CEO , role , Zafrul , Finance Minister ,


Next In Business News

Bursa tracks higher on improved sentiment
UOB Malaysia taps Prudential’s VF2F feature to offer digital insurance
Private, public sectors urged to work together for fast transition to net-zero economy
Ringgit opens lower against greenback on FOMC's upbeat assessment
Quick take: Vizione rises after securing RM500mil GDV project
Bursa gets a lift from positive global sentiment
Quick take: Opcom shares hit highest in six years
Trading ideas: Sedania, IOI Properties Rhone Ma, Vizione, SCIB
JHM to see further lockdown impact in 3Q
Fed's Powell: 'no one' happy with fellow policymakers' trading

Stories You'll Enjoy