KUALA LUMPUR (Jan 28): Sime Darby Property Bhd (SDP) has appointed Datuk Azmir Merican Azmi Merican as its group managing director effective April 22, 2020.
In a statement today, SDP said Azmir brings a wealth of experience from his background in financial advisory and as a senior business leader.
Azmir is currently the managing director/chief executive officer of UEM Edgenta Bhd and has tendered his resignation last Friday, to take effect on April 21.
The Edge Malaysia weekly reported in its latest issue that Azmir is understood to be in talks to take the top job at Sime Darby Property Bhd.
Citing a source familiar with the matter, the report said Azmir is close to accepting the offer.
“It is more or less concluded. I hear Azmir is going to accept the offer in a couple of days… probably after Chinese New Year,” it cited the source as saying.
He had started his career as an investment analyst and later, as a manager in the financial & corporate advisory arm of PricewaterhouseCoopers.
He subsequently worked with CIMB Investment Bank and thereafter joined AWC Berhad as its Group Chief Executive/Managing Director.
In 2012, Azmir joined the UEM Group as the Group Chief Operating Officer, Business Units, before taking the helm at UEM Edgenta.
At UEM Edgenta, Azmir led its ongoing transformation into a technology-based company, servicing the healthcare, property and infrastructure sectors.
SDP chairman Tan Sri Zeti Akhtar Aziz said Azmir’s appointment reinforced the property developer’s commitment to ensuring its leadership in the industry and towards creating sustainable, long term value for its stakeholders.
“We would like to welcome Azmir to SDP and look forward to working closely with him,” she said.
Meanwhile, Datuk Wan Hashimi Albakri will continue in his current role as Acting Group Chief Executive Officer, until Azmir’s effective appointment date.
Subsequently, Wan Hashimi will resume the role of Chief Operating Officer, Township Development.
At midday break today, SDP fell 1.22% or 1 sen to 81 sen, valuing it at RM5.51 billion.