Abdul Rahman resigns from CIMB, returns to helm PNB

DATUK Abdul Rahman Ahmad will step down as group CEO of CIMB Group Holdings Bhd to return to helm Permodalan Nasional Bhd (PNB). 

In a statement today, Yayasan Pelaburan Bumiputra (YPB) announced Abdul Rahman’s appointment as the new president and group CEO of Permodalan Nasional Bhd (PNB), effective July 1, 2024. He held the same position at PNB from 2016 until 2019 before moving to CIMB.

In a separate statement, CIMB said Abdul Rahman will step down as its group CEO on June 30, 2024 after serving the group for four years from 2020.

To facilitate transition, CIMB said Datuk Mohd Nasir Ahmad, who was due to retire in July 2024 upon the completion of his nine-year tenure as a board director, will remain as group chairman.

Mohd Nasir said Abdul Rahman has ‘done an excellent job’, driving the regional financial group’s transformation under its Forward 23+ strategic plans.

In its statement, PNB said Abdul Rahman was ‘instrumental in driving PNB’s strategic transformation’ in his earlier stint.

He brings with him more than 20 years of leadership experience in various financial services and corporate sectors, including Malaysian Resources Corp Bhd (MRCB), Media Prima Bhd and Ekuiti Nasional Bhd.

He was also the non-executive non-independent chairman of Sime Darby Bhd and Velesto Energy Bhd. — TMR