Zafrul quits CIMB CEO post

Commenting on his new appointment, Tengku Zafrul said in a separate statement that he would like to thank Muhyiddin for giving him the trust and opportunity to serve the nation.“I am humbled by this enormous responsibility especially at a time when the country is facing unprecedented economic challenges."

PETALING JAYA: CIMB Group Holdings Bhd group chief executive officer Tengku Datuk Seri Zafrul Aziz has relinquished his position with the banking group with immediate effect following Prime Minister Tan Sri Muhyiddin Yassin’s announcement of his appointment as the Finance Minister.

In a statement yesterday, CIMB said Tengku Zafrul had also resigned from all other board positions.

Commenting on his new appointment, Tengku Zafrul said in a separate statement that he would like to thank Muhyiddin for giving him the trust and opportunity to serve the nation.“I am humbled by this enormous responsibility especially at a time when the country is facing unprecedented economic challenges.

“I undertake to give my best to the nation and am looking forward to serve with all the relevant stakeholders in ensuring we remain steadfast and in the spirit of inclusivity, work together to realise our collective aspirations, ” Tengku Zafrul said.

CIMB chairman Datuk Mohd Nasir Ahmad pointed out that Tengku Zafrul had served the group for six years, when he re-joined in 2014.“His energy and commitment to CIMB will be difficult to match but he leaves behind a better organisation with a stronger footing where he has united and instilled a strong CIMB culture.

“On behalf of the board I would like to thank Tengku Zafrul for all his contributions to the group and wish him well in his next role, ” he said in a statement.

CIMB said it had appointed Omar Siddiq, currently its group chief operating officer, as officer-in-charge for CIMB Group and CIMB Bank Bhd, with immediate effect.“The board has begun its succession plan, ” it said.