Sime Darby Property still in search of new group MD, says Zeti

KUALA LUMPUR (May 2): Sime Darby Property Bhd is currently still in search of the right candidate to lead its business and expects the process to take at least several weeks more, said its chairman Tan Sri Dr Zeti Akhtar Aziz.

Speaking to reporters after the group's annual general meeting here today, Zeti said that the group is currently weighing all options available, which includes both internal and external candidates.

"We are looking at every option, we want the best person to lead the company and take it forward. It could be a few weeks to a couple of months," she said.

On April 4, Sime Darby Property announced Datuk Seri Amrin Awaluddin will be stepping down as its group managing director effective tomorrow (May 3).

On his exit from the Sime Darby Property, Township Development chief operating officer Datuk Wan Hashimi Albakri Ahmad Amin Jaffri will be appointed as acting group chief executive officer.

In a Bursa Malaysia filing, the group cited "early cessation of contract" as the reason behind the change in leadership.

At the noon break today, shares in Sime Darby Property settled one sen or 0.9% lower at RM1.10, for a market capitalisation of RM7.48 billion. — theedgemarkets.com

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