Kuala Lumpur, March 2 – Maybank Chairman Tan Sri Megat Zaharuddin bin Megat Mohd Nor today announced that he will be stepping down as a member of the Board of Directors of Maybank on 31 March 2017, after about twelve years on the Board, with the last seven and a half years as Chairman.
Datuk Mohaiyani binti Shamsudin, who has been on the Board since August 2011 will succeed him as Chairman of Maybank. With this appointment, Mohaiyani will become the first woman to be appointed Chairman of the main board of the country’s largest public listed company. Mohaiyani is currently the Chairman of Maybank Investment Bank Berhad, a position she has held since March 2016.
“It has been an honour and privilege to serve on the Board of Maybank – particularly as the Chairman since 2009, during which the Group has reinforced its position as a leading financial services institution in this region,” said Megat Zaharuddin. “I am confident that the Group will continue creating value in the years ahead, particularly in this fast changing operating landscape where differentiated service and innovation will be key drivers of success.”
In a tribute to Megat Zaharuddin, the Group President & CEO of Maybank, Datuk Abdul Farid Alias said, “The Board and Management are indeed grateful to Tan Sri Megat for his strong leadership of Maybank, especially over the last seven and a half years. He is a visionary leader who constantly challenged us to scale greater heights, and successfully steered the Group through some of the most challenging global economic situations.”
“On behalf of the 44,000 Maybankers in 20 countries worldwide, I would like to express our highest appreciation for his leadership, wise counsel and guidance over the years. We will cherish the experiences he shared with us as well as the privilege of working with him. We wish him every success and happiness in his future endeavours.”
Farid, meanwhile, also said that the appointment of Mohaiyani as Chairman augurs well for Maybank and will ensure continuity at the Board, given that she has been serving as a director of Maybank for over 5 years.
“Mohaiyani has had an impressive career and extensive experience not only in the financial services industry but also in public service. As a member of the current board, she will already have insights into all aspects of the Group and we are confident she will lead Maybank effectively as she takes up the new position,” he said.
Datuk Mohaiyani was appointed as a Director of Maybank on 22 August 2011. She also serves as a Board Committee member of the Credit Review Committee and Risk Management Committee.
Her current directorships in companies within the Maybank Group include as Chairman of Maybank Investment Bank Berhad and Maybank Kim Eng Holdings Ltd. At present, she serves as a director of Capital Market Development Fund and Universiti Teknologi MARA (UiTM) as well a member and trustee of National Heart Institute Foundation, NUR Foundation, Perdana Leadership Foundation and National Council of Women’s Organisations Malaysia (NCWO).