CIMB Group appoints 2 directors to the board

KUALA LUMPUR: CIMB Group Holdings Bhd has appointed Glenn Muhammad Surya Yusuf and Watanan Petersik as independent non-executive directors effective from Monday, Jan 25.

CIMB Group said Glenn Yusuf has over 28 years of experience in Indonesia's corporate and financial sectors. He was finance director at Bank Niaga (1985-1994) and then served as first chairman of the Indonesian Bank Restructuring Agency (IBRA) from 1998 to 2000.

"He was also president director of PT Perusahaan Perkebunan London Sumatra Tbk from 2003 to 2007. He has served on CIMB Group's international advisory panel since 2006 and was deputy chairman of the Bank Niaga-Bank Lippo integration steering committee in 2008," said CIMB Group.

As for Watanan, she is a Thai national and is presently an independent director and chairman of the CIMB Thai plc nomination and remuneration committee. She joined the board of CIMB Thai in 2007 as a nominee of Texas Pacific Group (TPG).

CIMB Group said she had vast experience in the financial services industry spanning more than 23 years and has spent 10 years at Goldman Sachs and three years as an adviser to TPG.

Group chief executive of CIMB Group Datuk Seri Nazir Razak said these appointments aligned the complexion of the board with the regional nature of the group's business today.

"A third of our board are now non-Malaysians," he said, adding that Glen Yusuf and Watanan would enhance the group's stature as a regional franchise.

"Their own wealth of knowledge and experience in finance will also be of great value to the group," he said.