KUALA LUMPUR: MNRB Holdings Bhd (MNRB) has appointed insurance veteran Zaharudin Daud as group chief executive officer (GCEO) designate effective Tuesday.
Its current president & GCEO, Mohd Din Merican will retire on Nov 23 after more than eight years spearheading the MNRB Group.
It said Mohd Din was appointed as president & GCEO of MNRB on Jan 9,2012. He then went on to carry a dual leadership role when he was also appointed as president & CEO of Takaful Ikhlas Family Bhd on Nov 30,2018.
Mohd Din also resigned from his role as president & CEO of Takaful Ikhlas Family effective Tuesday.
“During his term with the MNRB Group, Mohd Din has played a key role in the Group’s business transformation efforts. Mohd Din had successfully led Takaful Ikhlas’ licence split exercise from a licensed composite takaful operator into two separate entities, namely Takaful Ikhlas Family and Takaful Ikhlas General Bhd, ” it said.
During his tenure, MNRB’s asset size grew by 80.7% from RM5.2bil to RM9.4bil.
As for the appointment of Zaharudin as the GCEO designate, it said the board wanted to ensure a smooth and successful leadership transition.
During the interim, Zaharudin will work closely with Mohd Din and succeed as president & GCEO on Nov 30.
Zaharudin brings with him over 30 years of experience in the general insurance industry.
Before joining MNRB, Zaharudin was the CEO of Etiqa General Takaful Bhd from January 2018.
Prior to that, he was the CEO of Etiqa Insurance Bhd from January 2014 until January 2018.
In 2010, Zaharudin assumed the role of principal officer/head, Singapore operation, Etiqa Insurance Bhd, Singapore for four years.
MNRB also announced the appointment of Nor Azman Zainal as the president & CEO of Takaful Ikhlas Family effective Sept 1.
Nor Azman was the CEO of Prudential BSN Takaful from August 2017. Previously, he was the director/ chief marketing officer of Prudential BSN Takaful from June 2012 till August 2017.
Prior to that, he was the assistant vice president of product marketing at AIA Alliance Takaful.
Nor Azman has more than 23 years of experience in insurance/ takaful industry.
MNRB chairman Datuk Johar Che Mat said the board is confident that both Zaharudin and Nor Azman’s industry insights and experience will prove invaluable to MNRB Group as they take over the roles to steer MNRB’s growth to the next level.
“We expect a seamless transition, given their knowledge of the industry as well as experiences which would definitely contribute to the group’s growth moving forward, ” he said.
Nor Azman Zainal was appointed the president & CEO of Takaful Ikhlas Family effective Sept 1.
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