Dato’ Abdul Rahman to step down as CIMB’s Group CEO on 30 June

16 April 2024

Datuk Mohd Nasir Ahmad remains as Group Chairman; re-designated as Non-Independent Non-Executive Director

Kuala Lumpur: CIMB Group Holdings Berhad (“CIMB Group” or “the Group”) today announced that Dato’ Abdul Rahman Ahmad will step down as Group CEO of CIMB Group on 30 June 2024 after serving the Group for four years since 2020. The Group also announced that to facilitate transition, Datuk Mohd Nasir Ahmad who originally was due to retire in July 2024 upon the completion of his nine year tenure as a Board director, will remain as Group Chairman, and re-designated as Non-Independent Non-Executive Director in line with good corporate governance, effective 20 July 2024 and after approval from regulatory authority on the renewal of his tenure. 

The Chairman of CIMB Group Holdings Berhad, Datuk Mohd Nasir Ahmad said, “Dato’ Abdul Rahman has done an excellent job, driving CIMB’s transformation under our Forward 23+ strategic plans and has been instrumental in putting CIMB on a solid footing as a leading focused ASEAN bank. Under Dato’ Abdul Rahman’s leadership, the Group recorded strong growth in financial performance, strengthened operating resiliency, accelerated its digital initiatives, raised the bar for sustainability, as well as helped instill a strong CIMB culture."

CIMB Group has a robust succession plan in place, which has been activated and the Board will be announcing the new Group CEO of CIMB Group in due course, once regulatory approval is received.

“On behalf of the Board I would like to thank Dato’ Abdul Rahman for all his contributions to the Group and we wish him well in his next role”, added Datuk Mohd Nasir.