<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on November 1, 2019 - November 7, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Datuk Abdul Rahman Ahmad (pic), former president cum group chief executive officer of Permodalan Nasional Bhd (PNB), has been appointed non-independent and non-executive chairman of Sime Darby Bhd.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, Sime Darby said Abdul Rahman, 50, had been redesignated chairman from non-independent non-executive director with effect today. He joined Sime Darby as a director in September last year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>His appointment confirms a report by theedgemarkets.com, in August, citing sources that Abdul Rahman may be appointed Sime Darby chairman.</p></div>

<div class=newsTextDataWrapInner><p>PNB owns a majority 51.1% stake in Sime Darby. Abdul Rahman left his post in Malaysia’s largest fund manager by asset value upon the expiry of his three-year contract in September, which he had assumed on Oct 1, 2016.</p></div>

<div class=newsTextDataWrapInner><p>Sime Darby shares closed unchanged at RM2.27 yesterday, valuing the company at RM15.44 billion. Some 4.09 million shares were traded.</p></div>


KUALA LUMPUR: Datuk Abdul Rahman Ahmad (pic), former president cum group chief executive officer of Permodalan Nasional Bhd (PNB), has been appointed non-independent and non-executive chairman of Sime Darby Bhd.

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