KUALA LUMPUR: CIMB Group Holdings Bhd says it has activated its succession plan to fill the void left by former group chief executive officer Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
Tengku Zafrul, who was also group CEO of CIMB Bank Bhd, relinquished his position to become Finance Minister.
“This process will be managed by the board with the appointment subject to the approval of Bank Negara Malaysia,’ CIMB Group chairman Datuk Mohd Nasir Ahmad said in a statement today.
“To ensure the robustness of the plan, we will be looking at a range of qualified candidates. The candidate needs to be visionary with a proven track-record and the strategic expertise to steer our group, especially as we navigate increasingly challenging market conditions.
“We look forward to complete the process as soon as possible,” Nasir added.
In the interim, he said the senior management team, with the full support of the board, would ensure its business moves forward and execute all plans laid out under our mid-term growth strategy, Forward23.
“Together, we will continue to meet our customers’ needs during these uncertain economic conditions,” Nasir added.