Merdeka project CEO joins SP Setia board as non-executive director

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KUALA LUMPUR (Jan 12): SP Setia Bhd has appointed PNB Merdeka Ventures Sdn Bhd CEO Tengku Datuk Abdul Aziz Tengku Mahmud to its board as a non-executive director, the group told Bursa Malaysia today.

PNB Merdeka Ventures is a wholly-owned unit of Permodalan Nasional Bhd, which is responsible for the development of the 118-storey Warisan Merdeka project.

Abdul Aziz was previously the head of property development at Sime Darby Property Bhd from August 2008 to March 2010, where he led the company’s property development operations in relation to the hospitality, leisure and asset management segments of the group's property division.

Prior to that, he was with Kumpulan Guthrie Bhd as its head of property, and was CEO of Guthrie Property Development Holding Bhd from 2005 to 2007.

SP Setia rose 4 sen or 1.19% to RM3.39 today, bringing its market capitalisation to RM8.58 billion.