CIMB Group CEO Relinquishes Post

KUALA LUMPUR, March 10 (Bernama) — CIMB Group Holdings Berhad (“CIMB” or “the Group”), on 9 March 2020 announced that Tengku Dato’ Sri Zafrul has resigned as its Group CEO and CEO of CIMB Bank Berhad with immediate effect. Tengku Dato’ Sri Zafrul has also resigned from all other board positions on the same date.

The Chairman of CIMB Group Holdings Berhad, Datuk Mohd Nasir Ahmad said, “Tengku Zafrul has served the Group for six years, when he re-joined in 2014.  He has done an outstanding job, shaping CIMB’s transformation under our T18 and Forward23 strategic plans. His energy and commitment to CIMB will be difficult to match but he leaves behind a better organization with a stronger footing where he has united and instilled a strong CIMB culture. On behalf of the Board I would like to thank Tengku Zafrul for all his contributions to the Group and wish him well in his next role.”

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