Sime Darby Property appoints Rizal Rickman Ramli as chairman

PETALING JAYA (May 6): Sime Darby Property has appointed Rizal Rickman Ramli (pictured) as chairman of the group’s board of directors, effective May 7, 2021.

Rizal, the chief investment officer, private and strategic investments of Permodalan Nasional Bhd (PNB), will be taking over the baton from Tan Sri Dr Zeti Akhtar Aziz, who will not seek re-election.

He joined PNB in March 2018 as the executive vice-president of property/real estate and assumed the role of chief investment officer, real estate in 2020. 

Under his leadership, the PNB real estate portfolio has doubled in size and broadened its focus from primarily commercial offices into new areas such as logistics, industrial and multi-family residential. The portfolio is now well diversified and includes investments in markets such as the US, Japan, Australia, Poland, Germany, the Netherlands, and the UK.

Zeti assumed the chairman position in July 2018, becoming Sime Darby Property’s first woman to hold the post.

In a media statement today, Sime Darby Property’s group managing director Datuk Azmir Merican said Zeti presided over the board during an important phase of Sime Darby Property’s history. 

“The group is privileged to have benefited from her clear vision which has formed the foundation of our next phase of transformation. Her foresight to push for new growth frontiers in the property development segment will continue to guide the Group well into the future,” he added.

“On behalf of the Board, Management and employees of Sime Darby Property, I would like to put on record a note of appreciation to Tan Sri Dr Zeti for her immense contributions to the group during her three-year tenure as chairman,” said Azmir.

Meanwhile, Zeti thanked the shareholders for their unwavering trust and continuous support to Sime Darby Property. 

“This support has been especially valuable during 2020, which has been one of the most challenging periods for the group. It has been my honour and privilege to serve Sime Darby Property since 2018 as chairman of the board. 

“Sime Darby Property has a remarkable set of assets and with its transformative initiatives underway, the Group is well placed on a trajectory for success. I have trust in the calibre and diligence of the Board and Management to ensure Sime Darby Property will deliver sustainable value for the benefit of all its stakeholders, especially its shareholders,” she said.

PNB, Sime Darby Property’s majority shareholder, recently announced Zeti’s retirement as chairman effective April 30, 2021. 

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