CIMB names Abdul Rahman Ahmad as new group CEO

PETALING JAYA: CIMB Group Holdings Bhd has appointed Datuk Abdul Rahman Ahmad (pix) as its group CEO/executive director and CEO/executive director of CIMB Bank Bhd.

Rahman, who is currently the chairman of Sime Darby Bhd and Velesto Energy Bhd, succeeds Tengku Datuk Seri Zafrul Tengku Abdul Aziz, who relinquished his post to join the government as the Finance Minister. His appointment will take effect on June 10, 2020.

CIMB chairman Datuk Mohd Nasir Ahmad said Rahman, with more than 20 years in leadership roles across several industries, has demonstrated a strong track record in organisational transformation, driving results, strengthening operational risk and compliance, and innovation amid a rapidly evolving landscape.

“As the industry undergoes fundamental changes, he will bring a fresh perspective to lead CIMB’s continued transformation and build upon its successful Asean franchise,“ he said in a statement today.

Rahman started his career at Arthur Andersen, London and worked at Trenergy (M) Berhad/Turnaround Managers Inc (M) Sdn Bhd and Pengurusan Danaharta Nasional Bhd.

He was appointed as the group managing director/CEO of Malaysian Resources Corp Bhd and subsequently served the same position for Media Prima Bhd.

Rahman then helped established Ekuiti Nasional Bhd, a government linked private equity firm, serving as its CEO for seven years before being appointed in 2016 as the president and group CEO of Permodalan Nasional Bhd (PNB). At PNB, Rahman was instrumental in driving the strategic diversification of assets as well as enhancing consumer experience through operational and digitisation initiatives.

Rahman holds an MA in Economics from Cambridge University, UK, and is a member of the Institute of Chartered Accountants in England and Wales.

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