The Finance Ministry today announced the appointment of Mohamed Azman Yahya as the new non-executive chairperson of Sepang International Circuit Sdn Bhd (SIC).

In a statement, the ministry said the appointment, effective today, was for a three-year term.

The appointment was made following the resignation of Mokhzani Mahathir as chairperson and board member of SIC effective Oct 10, the statement said.

Mokhzani announced his resignation as a member of the SIC board after serving for 13 years in a news release yesterday.

Azman, 51, founder and chief executive officer of Symphony House Berhad, an outsourcing services company, also holds posts in several government-linked companies such as Khazanah Nasional Bhd and Ekuiti Nasional Bhd.

He is also a director of SIC and chairperson of Motorsports Commission of Malaysia.

SIC is a company incorporated under the Finance Ministry.

- Bernama