KUALA LUMPUR: Insurance veteran Zaharudin Daud has been appointed as MNRB Holdings Bhd’s group chief executive officer (GCEO) designate. The appointment was effective yesterday. He will fully take over on Nov 30.
Current president and GCEO, Mohd Din Merican, will retire on Nov 23 after more than eight years spearheading the group.
The company, in a statement, said Mohd Din was appointed as president and GCEO of MNRB on Jan 9,2012. He then went on to carry a dual leadership role when he was also appointed as president and CEO of Takaful Ikhlas Family Bhd on Nov 30,2018.
Mohd Din has also resigned as president and CEO of Takaful Ikhlas Family effective yesterday.
“During his term with the MNRB Group, Mohd Din played a key role in the group’s business transformation efforts. Mohd Din 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 GCEO-designate, the statement said the board wanted to ensure a smooth and successful leadership transition.
During the interim, Zaharudin will work with Mohd Din.
Zaharudin brings with him over 30 years of experience in the general insurance industry.
Before joining MNRB, Zaharudin was CEO of Etiqa General Takaful Bhd from January 2018. Prior to that, he was the CEO of Etiqa Insurance Bhd from January 2014.
In 2010, Zaharudin assumed the role of principal officer/head of the Singapore operation of Etiqa Insurance Bhd for four years.
MNRB also announced the appointment of Nor Azman Zainal as president and CEO of Takaful Ikhlas Family effective Sept 1.
Nor Azman was CEO of Prudential BSN Takaful from August 2017. He was also director/chief marketing officer of Prudential BSN Takaful from June 2012 till August 2017.
Nor Azman, who has more than 23 years of experience in the insurance/takaful industry, has also been assistant vice-president of product marketing at AIA Alliance Takaful.
MNRB chairman Datuk Johar Che Mat said the board was confident that both Zaharudin and Nor Azman’s insights and experience would prove invaluable to the group.
“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.
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