KUALA LUMPUR (March 29): Lambo Group Bhd, formerly known as Accsoft Technology Bhd, has appointed Abdullah Abdul Rahman as independent and non-executive chairman of the group effective immediately.

The position was left vacant for three months after Khairul Azwan Harun, 43, resigned on Jan 1 due to other commitments.

In a filing with Bursa Malaysia today, Lambo said Abdullah, 62, had a long career path in management with Malayan Banking Bhd (Maybank).

"He has served in various capacities in banking operations and strategic innovation activities at branches, regionals and head office level of Maybank until his retirement from Maybank in 2012 after 30 years," it added.

As head of mortgage at Maybank, he was responsible for strategic and operational activities related to mortgage and property under consumer banking. His last appointment at Maybank was as the head of business banking in charge of small and medium enterprises, commercial and corporate units.

He is also a director of OCR Group Bhd.

Lambo shares closed unchanged at 15 sen today, with 1.59 million shares done, bringing a market capitalisation of RM315.32 million.