‘MEDIOCRE PERFORMER’ WAHID OMAR TO RESIGN AS PNB CHAIRMAN? ‘HE’S NOW NEGOTIATING HIS EXIT TERMS’ – REPORT

PERMODALAN Nasional Bhd (PNB) chairman Abdul Wahid Omar is expected to quit his post, The Malaysian Reserve reported today.

It cited sources as saying that Wahid, who has helmed the country’s largest asset management fund since August 2016, was due to step down next month.

“He (Wahid) is now negotiating exit terms in both PNB and Sime Darby Property  ,” the report cited sources as saying.

Wahid is also chairman of Sime Darby Property Bhd, of which PNB is a major shareholder.

Wahid’s departure has been speculated since the May 9 polls. Two days prior to the 14th general election, he had released a statement on why the goods and services tax should be maintained and that the sales and services tax would be regressive.

THE MALAYSIAN INSIGHT