Permodalan Nasional Bhd (PNB) today announced changes to its board with the appointment of four members effective Jan 1, 2019, to succeed three retiring members.

The new board members are Treasury secretary-general Ahmad Badri Mohd Zahir, former Federal Court judge Zainun Ali, former Securities Commission deputy chief executive Nik Ramlah Nik Mahmood, and Mitraland Group and Pelaburan Hartanah Nasional Bhd chairman Johan Ariffin, the fund management company said in a statement today.

PNB said Ali Hamsa, Wan Abdul Aziz Wan Abdullah and Zarinah Anwar would retire on Dec 31.

Nik Ramlah currently also sits on the board of Amanah Saham Nasional Bhd (ASNB) while Johan is also a board member of several public-listed companies, including Sime Darby Property Bhd.

In welcoming the new line-up, PNB group chairman Zeti Aziz said these latest members possessed between them extensive and complementary experience in their respective fields of investment, law, economics as well as real estate.

“PNB looks forward to gaining from their contribution as we continue to be relentlessly focused on strengthening our resilience and delivering on our mandate to enhance the economic wealth of the Bumiputera community and all Malaysians,” she said.

PNB also announced that with effect from Dec 31, 2018, Noor Azlan Ghazali will retire from the board of directors of ASNB and PNB Research Institute Sdn Bhd.

Besides Zeti and the new members, PNB's board will comprise Abdul Rahman Ahmad (president and group chief executive), Mohd Yaakub Johari, and Datuk Soedirman Aini effective Jan 1, 2019.

From the same date, ASNB board of directors will include Zeti, Abdul Rahman, Mohammad Hussin (ASNB chief executive officer and executive director), Nik Norzrul Thani Nik Hassan Thani, and Nik Ramlah.

- Bernama