The Executives

Former TVB actor Steven Ma has stepped down from his role as chief executive officer of Metro Radio and is set to take on a new corporate position with healthcare company Hin Sang Group. Metro Radio announced on May 11 that the 54-year-old would be leaving the company for personal reasons, with his resignation taking effect on May 20. Shortly after the announcement, Hin Sang Group revealed that Steven will be appointed as vice-chairman, executive director and co-chief executive officer of the company. As Hin Sang Group is a publicly listed company, Steven’s remuneration package was disclosed in accordance with listing requirements. Media reports stated that he is expected to receive an annual salary of HK$2.52 million (approximately S$409,000), excluding bonuses and other incentives. Steven began his entertainment career in 1993 after signing with Hong Kong broadcaster TVB. He rose to prominence through several television dramas, including his role in the popular 1998 series The Duke of Mount Deer. After leaving TVB in 2012, he explored various ventures beyond acting, including studying Chinese medicine and operating tuition centres. In 2020, he completed an Executive MBA programme at Peking University. He later returned to collaborate with TVB in 2021, where he was invited to head the broadcaster’s artiste training department. In 2022, he was also elected as a co-opted member of the Art Form Sub-committee (Theatre) under Hong Kong’s Leisure and Cultural Services Department. Steven’s latest appointment marks another career transition as he expands his involvement in the corporate and healthcare sectors following years in the entertainment industry.

Watsons Malaysia has appointed former Malaysian Communications and Multimedia Commission (MCMC) chairman Datuk Fadhlullah Suhaimi Abdul Malek as its new non-executive chairman. Loh (right) congratulating Fadhlullah on his appointment as Watsons Malaysia non-executive chairman, effective May 15. The appointment of Fadhlullah took effect on May 15, 2026. Fadhlullah brings more than three decades of leadership experience across healthcare, telecommunications and national policy. He previously held senior roles at Telekom Malaysia Bhd. Watsons said his experience also includes involvement in national transformation initiatives at the Prime Minister’s Office, as well as advisory roles with governments internationally. Watsons Malaysia managing director and chief operating officer for Health & Beauty Asia, Caryn Loh, said: “With his extensive experience across healthcare, regulatory institutions and national transformation, we are confident he will provide valuable guidance as we accelerate our next phase of sustainable growth.” Fadhlullah currently serves on multiple boards across healthcare, telecommunications, education and financial services, and is chairman of the board of governors of Perdana University. He holds medical and public health qualifications, as well as a master’s degree in health management.

SME Corp. Malaysia has announced the appointment of Datuk Teng Chang Khim as its new chairman, effective May 18, 2026. The appointment was made by Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong. Datuk Teng holds a Law degree from the University of London and a Master of Business Administration (MBA) from Perdana University. He previously served on the board of Selangor State Development Corporation (PKNS) and brings extensive experience in business, investment and industry development. He has also served as a board member of the Selangor Information Technology and Digital Economy Corporation (SIDEC) and Invest Selangor Berhad. The former Speaker of the Selangor State Legislative Assembly has significant experience in SME development through his previous roles as Selangor executive councillor overseeing portfolios including Investment, Small and Medium Industries, Trade and Transport from 2014 to 2018, as well as Industry and Trade from 2018 to 2023. Throughout his career, he also served as chairman of the Selangor Information and Digital Economy Council, vice chairman of the Selangor Halal Industry Council, and organising chairman of the Selangor International Business Summit (SIBS). SME Corp. Malaysia welcomed the appointment and reaffirmed its commitment to strengthening micro, small and medium enterprises (MSMEs) in Malaysia, particularly through scaling-up initiatives under the 13th Malaysia Plan (RMK13). At the same time, the agency expressed its appreciation to former chairman Tan Sri Datuk Seri Panglima Bernard Giluk Dompok for his leadership and contributions since assuming the role on April 1, 2023.

Sime Darby Bhd has appointed Permodalan Nasional Bhd (PNB) president and group chief executive Datuk Abdul Rahman Ahmad as its new non-independent non-executive chairman with immediate effect. In a Bursa Malaysia filing on Thursday, the group said he replaces Tan Sri Samsudin Osman, who stepped down on Dec 31 last year due to personal reasons. Abdul Rahman, 56, previously held the same chairman role at Sime Darby from 2019 to 2020, marking his return to the board. His reappointment comes amid reports that his tenure at PNB is expected to end by end-May, with a transition planned to deputy president and group chief executive Datuk Rizal Rickman Ramli on July 1, according to earlier media reports. PNB, Malaysia’s largest fund manager with more than RM300 billion in assets under management, holds a 4.24% stake in Sime Darby as at Sept 8 last year, while AmanahRaya Trustees Bhd remains the group’s largest shareholder with a 32.4% stake. Abdul Rahman has extensive experience in Malaysia’s corporate and investment sector, having previously served as group CEO of CIMB Group Holdings Bhd and CIMB Bank Bhd from 2020 to 2024. He also led PNB as president and group chief executive from 2016 to 2020. Earlier in his career, he held senior roles at Arthur Andersen in London, Pengurusan Danaharta Nasional Bhd, Malaysian Resources Corp Bhd, Media Prima Bhd and Ekuiti Nasional Bhd, and previously served as chairman of Velesto Energy Bhd. Sime Darby shares fell two sen or 0.9% to RM2.19 ahead of the announcement, giving the group a market capitalisation of RM14.9 billion.

Bank Islam has appointed former Malaysian Institute of Accountants (MIA) chief executive officer Dr Nurmazilah Dato’ Mahzan as an Independent Non-Executive Director. Her appointment took effect on May 7, 2026, according to the bank. Dr Nurmazilah has also been serving on the board of BIMB Securities Sdn Bhd, a subsidiary of Bank Islam, since August 2025. She currently holds board positions in Perbadanan Wakaf Selangor and Malaysia Professional Accountancy. She was previously a board member of TH Plantations Bhd and its subsidiaries, as well as CIMB Bank Bhd and the Sustainable Energy Development Authority. Earlier in her career, she worked in audit and consultancy with Arthur Andersen & Co. in Kuala Lumpur before moving into corporate accounting roles at KUB Malaysia Bhd. She later spent more than 10 years at Universiti Malaya, focusing on auditing, financial reporting and corporate governance. At MIA, she served in senior leadership roles including Deputy CEO and CEO, where she oversaw regulatory, operational and professional development functions. Since 2015, she has been involved in promoting integrated reporting and has conducted training in sustainability, governance, risk management and financial reporting. She holds multiple professional qualifications, including Certified Internal Auditor, Certified Public Accountant, Chartered Global Management Accountant, Certified ESG Analyst and Certified Risk Management and Assurance certification.

MISC Bhd has redesignated its independent director Mohammad Suhaimi Mohd Yasin as its new chairman with immediate effect, according to a filing with Bursa Malaysia. He succeeds Datuk Abu Huraira Abu Yazid, who stepped down after serving five years in the role and did not seek re-election at the company’s recent annual general meeting. Mohammad Suhaimi Mohd Yasin. Suhaimi, aged 65, is currently also the chairman and independent non-executive director of Malaysia Marine and Heavy Engineering Holdings Bhd, which is a 66.5%-owned subsidiary of MISC. The group acknowledged that Suhaimi’s concurrent roles may present potential conflict-of-interest risks, particularly given the possibility of related-party transactions between the two entities. However, MISC said it has established governance measures and internal controls to identify, manage and mitigate any such conflicts to ensure proper oversight. The appointment comes as part of the group’s leadership transition following Abu Huraira’s departure, marking a new phase in board-level leadership at the shipping and energy-related services group. On the market front, MISC shares closed eight sen lower at RM8.15 on Wednesday, giving the group a market capitalisation of RM36.38 billion.

Kumpulan Wang Persaraan (KWAP) has appointed Dato’ Jay Khairil Jeremy Abdullah as its new chief executive officer, effective May 20, 2026. In a statement, KWAP said Jay Khairil brings nearly 30 years of experience in banking and financial services, with expertise in financial management, governance, risk management and institutional transformation. Before joining KWAP, he served as CEO of Bank Simpanan Nasional (BSN), where he led initiatives in financial performance, digital banking, operational resilience and financial inclusion. He had also previously held the roles of chief financial officer and chief internal auditor at BSN. Prior to that, he held senior positions at CIMB Group, Bank of Tokyo-Mitsubishi UFJ Malaysia and Bank Negara Malaysia, as well as earlier roles at Hong Leong Bank and AmMerchant Bank. KWAP said Jay Khairil will lead the organisation’s strategic direction and operations while strengthening its mandate through disciplined investment, governance and long-term stewardship.

CIMB Group Holdings Bhd has appointed outgoing Standard Chartered Malaysia CEO Mak Joon Nien as CEO of its growth markets and CIMB Singapore, subject to regulatory approval. In his new role, Mak will also oversee CIMB Thailand and CIMB Cambodia, focusing on driving regional growth, cross-border business and wealth opportunities. Mak is set to step down as Standard Chartered Malaysia CEO on May 8. He will also join CIMB’s group executive committee. He replaces Victor Lee Meng Teck, who resigned from CIMB Singapore in September last year. CIMB group CEO Novan Amirudin said Mak’s experience and regional expertise will help strengthen the bank’s ASEAN strategy and accelerate growth in cross-border banking and wealth management. Mak has nearly 30 years of banking experience. He joined Standard Chartered in 1997 and became its first Malaysian CEO in 2022.

Datuk Mohamad Idham Nawawi, former CEO of CelcomDigi Bhd, has been appointed as an independent non-executive director of RHB Bank Bhd, effective immediately. In a Bursa Malaysia filing on Thursday, RHB Bank said the appointment takes effect right away. Idham previously served as CEO of CelcomDigi from December 2022 to August 2025, and was later an adviser to the board from September to November 2025. Before the CelcomDigi merger, he was CEO of Celcom Axiata Bhd from 2018 to 2022. RHB Bank shares closed 0.73% higher at RM8.33 on Thursday, valuing the group at RM36.33 billion.

PETRONAS Dagangan Bhd has appointed PETRONAS executive vice president Datuk Sazali Hamzah as its new chairman, effective immediately. He succeeds Datuk Anuar Ahmad, who retired on April 27, according to a Bursa Malaysia filing by the company. Sazali, 60, is currently the chief executive officer of PETRONAS’ downstream business and also serves as chairman of PETRONAS Chemicals Group Bhd. He previously led PETRONAS Chemicals Group as managing director and CEO from 2014 to 2021, and had also headed PETRONAS Penapisan (Melaka) Sdn Bhd. Throughout his career at PETRONAS, Sazali has held several senior leadership roles across the refinery, petrochemical and project management divisions. PETRONAS Dagangan shares rose 1% to RM20.76 during Friday’s noon break, valuing the company at RM20.6 billion.