The report, quoting sources, said Wahid’s appointment as executive chairman would inject more vibrancy into the fund that serves as a savings and investment arm for the Bumiputera community.
“Wahid’s entry is likely to see the departure of Tan Sri Ahmad Sarji Abdul Hamid and Tan Sri Hamad Kama Piah Che Othman from PNB,” said the source, adding that Wahid’s appointment would mark the first time PNB has had an executive chairman.
Ahmad Sarji, 77, has been the non-executive chairman of the fund since 1996 while Hamad, 65, has held the president and group chief executive officer (CEO) positions since 1998.
Many names have been bandied about to replaced both Ahmad Sarji and Hamad, but all have been internal names. If indeed Wahid is appointed, the former Malayan Banking Bhd (Maybank) president and CEO would be the first “outsider” to helm PNB, said the report.
Wahid’s previous stints in the corporate world included in Telekom Malaysia Bhd (TM), as well as the UEM group.