KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has appointed Datuk Rizal Rickman Ramli as its new president and group chief executive (PGCE), succeeding Datuk Abdul Rahman Ahmad, who is retiring at the end of May.
In a statement today, PNB said Abdul Rahman will retire from all executive roles upon the conclusion of his two-year contract with the fund management company. His last effective working day will be on May 31, 2026.
Abdul Rahman has more than 25 years of corporate leadership experience, having previously served as chief executive officer of several major Malaysian corporations, including CIMB Group Holdings Bhd
, Ekuiti Nasional Bhd (Ekuinas), Media Prima Bhd and Malaysian Resources Corporation Bhd (MRCB).
PNB said Rizal, who is currently deputy president and group chief executive, will assume the role of acting PGCE before officially taking over as president and group chief executive effective July 1, 2026.
He joined PNB in 2018 and has held leadership roles across the group’s real estate, private markets, strategic investments and investment stewardship divisions before being appointed deputy PGCE.
Rizal Rickman brings more than eight years of progressive leadership at PNB, having risen through the organisation from heading its real estate, private markets, strategic investments, and investment stewardship divisions to his most recent role as deputy PGCE, where he assumed group-wide strategic and operational oversight.
Prior to joining PNB, Rizal was country managing partner for Malaysia at The Boston Consulting Group.
“PNB Board of Directors welcomes the appointment of Rizal, which reflects the successful conclusion of PNB’s effective internal succession planning.
“Rizal will provide leadership continuity and stability as PNB progresses strongly to deliver on its current LEAP-6 Strategic Plan and chart its future growth in line with PNB’s purpose of uplifting the financial lives of Malaysians across generations,” PNB said.
The board, management and staff also expressed appreciation to Abdul Rahman for his contributions during his five years with PNB across two separate stints, saying his leadership helped strengthen the organisation’s strategic focus and execution.
