Hafizuddin Sulaiman has been appointed as the officer in charge by UEM Sunrise Bhd following the resignation of its chief executive officer, Sufian Abdullah to pursue other opportunities.

KUALA LUMPUR (Dec 4): UEM Sunrise Bhd (KL:UEMS) has announced the resignation of its chief executive officer, Sufian Abdullah, which will take effect from Feb 28, 2025.

The property developer said in a statement on Wednesday that Sufian, who was appointed to the post on Feb 2, 2021, had tendered his resignation on Nov 29 to pursue other opportunities.

The process to identify a new CEO is underway, and an announcement will be made in due course, it said.

In the meantime, it is putting chief financial officer Hafizuddin Sulaiman as the officer in charge during the transition period. An oversight committee, comprising board members Christina Foo, Datuk Azmar Talib, and Datuk Amran Hafiz Affifudin, has also been established to assist Hafizuddin in his interim role.

Hafizuddin, 49, has more than 20 years of extensive experience in strategic planning, venture capital, equities, capital markets and mergers and acquisition, according to UEM Sunrise.

Prior to joining UEM Sunrise, the chartered accountant served as group head of strategy at QSR Brands (M) Holdings Bhd. He had also held several key positions in a number of large public and private institutions, including as Khazanah Nasional Bhd's director of finance, Permodalan Nasional Bhd's group head of treasury, and Berjaya Corp Bhd's chief treasury officer.

UEM Sunrise chairman Datuk Hisham Hamdan thanked Sufian for his leadership and contributions over the years.

“Under Sufian's leadership, UEM Sunrise saw strong recovery, expanded in Australia, and launched developments aligned with our strategic goals and recalibrated to meet our buyer preferences. We wish him the best in his future endeavours,” said Hisham.

UEM Sunrise’s share price slipped one sen or 1.01% to close at 98 sen on Wednesday, valuing the company at RM4.93 billion.