KUALA LUMPUR (April 16): Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

“The board of directors welcomes Abdul Rahman’s return to provide continuity and drive the execution of the recently developed PNB’s Strategic Plan as well as help to deliver on PNB’s purpose of uplifting the financial lives of Malaysians across generations,” the company said in a statement.

Abdul Rahman was the president and group chief executive of PNB from 2016 to 2019. He is currently group CEO of CIMB Group Holdings Bhd, a role he has served since 2020.

Electric vehicles (EVs) are a critical component of the transition towards a low-carbon future, removing tonnes of carbon emissions that would otherwise be released by conventional vehicles. The ease and comfort of driving EVs, of course, are also factors that are attracting consumers.

The announcement confirms a report in the April 1-7 edition of The Edge Malaysia Weekly on his return to the company that manages some RM300 billion worth of assets after being persuaded by chairman Raja Tan Sri Arshad Raja Tun Uda.

Abdul Rahman and Raja Arshad have worked together in the past in setting up and leading the state-controlled private equity firm Ekuiti Nasional Bhd back in 2009.

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