Friday 29 Mar 2024
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KUALA LUMPUR (Jan 31): CIMB Group Holdings Bhd has appointed Time dotCom Bhd chief executive officer Afzal Abdul Rahim as its independent and non-executive director.

In a filing with Bursa Malaysia, CIMB said the appointment is effective today.

According to Time dotCom's website, Afzal currently sits on the boards of CIMB Bank Bhd, Symphony Communication PCL, CMC Telecommunication Infrastructure Corp, Megawisra Investments Ltd, Megawisra Sdn Bhd, Global Transit International Sdn Bhd and Pulau Kapas Ventures Sdn Bhd.

Afzal, 40, holds a degree in mechanical engineering with electronics, specialising in Acoustic Wave Theory from the University of Sussex in the UK.

He started his career in the automotive industry with Group Lotus PLC.

According to CIMB's annual report for the financial year ended Dec 31, 2017, then chairman Datuk Seri Nazir Razak said in view of the technology challenge, the group has set up a new technology advisory committee chaired by Afzal, to help guide the management.

At market close, CIMB settled four sen or 0.71% lower at RM5.62, giving it a market capitalisation of RM53.75 billion.

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