UEM Sunrise appoints industry veteran Azmar Talib as chairman

KUALA LUMPUR (Aug 28): UEM Sunrise Bhd has appointed Datuk Wira Sr Azmar Talib as chairman of its board of directors, the property developer announced in a media release today.  He succeeds Datuk Hisham Hamdan, who served as chairman since July 1, 2023.

Azmar has served on the developer as an Independent Non- Executive Director since March 11, 2024. His appointment provides continuity at board level, supported by his familiarity with UEM Sunrise, understanding of its strategic priorities and his extensive experience in the property development, construction and corporate leadership.

During his tenure on the board, he has served as chairman of the Board Development Committee and as member of the Board Tender Committee, contributing independent oversight and industry perspective to the Company’s development priorities and valuable perspective on nation-building objectives. Upon assuming the chairmanship, he will relinquish both positions, reinforcing clear governance, appropriate checks and balances, and independent oversight.

Azmar brings over four decades of experience and has held various senior leadership positions across property and corporate sectors. He currently serves as group CEO of TRX City Sdn Bhd, overseeing the development of Tun Razak Exchange. He previously held various leadership positions within the Permodalan Nasional Bhd group.

“It is an honour to be entrusted with the chairmanship of UEM Sunrise board. Since 2024, I have had the opportunity to gain a deeper understanding of the Company, its people and its portfolio, as well as an appreciation of its strengths and long-term potential,” said Azmar.

“I look forward to working with my fellow board members and management to ensure strong stewardship, disciplined execution and sound governance as UEM Sunrise continues to deliver on its established strategy and create sustainable long-term value for its shareholders and stakeholders.”

Hisham, who is currently the chief investment officer of Khazanah Nasional Bhd and chairman of the Board of UEM Group Bhd, assumed chairmanship of UEM Sunrise with a clear focus on enhancing the fundamentals of the company and improving long-term returns of shareholders.

During his three-year tenure, he helped strengthen UEM Sunrise’s financial and operating fundamentals, sharpen capital allocation discipline and reinforce its focus on sustainable long-term value creation. He consistently challenged the company to translate the inherent strengths of its portfolio into sustainable outcomes, an agenda he described as “transforming potential into performance”.His tenure saw the appointment of Shaharul Farez Hassan as managing director /CEO, further strengthening the alignment between board stewardship and management execution. Hisham will continue to serve as chairman of UEM Group Bhd, providing continuity at the shareholder level as the company transitions to new board leadership.

“I believe UEM Sunrise is on a stronger footing today, but the work is not finished. The next phase must be about converting this stronger foundation into higher and more sustainable returns on equity,” said Hisham.

“On behalf of the board, management and everyone at UEM Sunrise, I would like to express our sincere appreciation to Datuk Hisham for his leadership and stewardship over the past three years. His unwavering focus on bolstering the company’s fundamentals, enhancing value creation and building a stronger leadership platform has positioned UEM Sunrise well for the future. We also welcome Datuk Wira Sr Azmar as chairman and look forward to his continued guidance as we execute the Company’s strategic priorities,” said Farez.

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