KUALA LUMPUR (Jan 11): Tan Sri Dr Abd Wahab Maskan, 65, has ceased to be the chief operating officer (COO) of Sime Darby Bhd, with effect from Dec 31, 2015, due to his health and medical condition.

According to the group's bourse filing today, Wahab has also, on Dec 31, vacated his managing director post in Sime Darby's property division, Sime Darby Property Bhd.

"The board of Sime Darby extends its deep appreciation to Tan Sri Abd Wahab for his invaluable contribution and services to the Sime Darby Group, and wishes him the very best in his future undertakings," said the group in the filing.

Wahab has been the COO of Sime Darby since June 24, 2008, and has been the managing director of Sime Darby Property since June 1, 2011.

Wahab was instrumental in steering Sime Darby in the Malaysian-led consortium to redevelop Battersea Power Station, one of the best known landmarks in London.

Prior to his time with Sime Darby, Wahab was the former group chief executive of Kumpulan Guthrie Bhd and Golden Hope Plantations Bhd.

He has also held various management and board positions in companies in various sectors in Malaysia, Europe and Asia, covering plantation, property, construction, manufacturing and services.

He has also held various board positions in government and government-linked companies.

At 3.13pm, Sime Darby shares were trading down 10 sen, or 1.33%, today at RM7.40, for a market capitalisation of RM46.69 billion.

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